In an increasingly competitive market environment, as an important decision for strategic change, CEO succession is a key step to driving sustainable development. The formulation of succession plans and how to improve the effectiveness of internal promotion mechanisms have been researched topics...

This paper investigates the effect of CEO succession on the performance of family firms characterized by collegial leadership and the moderating role of the Family CEO, of the board of directors and by the size of the firm. The empirical analysis, carried out on a sample of Italian family firms...

CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the change contain boilerplate language that does not make it clear whether the CEO stepped down voluntary or...

The shareholders of public corporations have considerable interest in the choice of individual to serve as CEO of their company. They want to be assured that the company has a viable plan in place to replace the current CEO if necessary. Historically, boards have deferred to outgoing CEO,...

This study develops and tests predictions regarding factors that influence early-stage CEO evaluation. We suggest that contextual elements of the CEO succession process will influence the heuristics directors employ to aid in their early evaluation of a CEO because traditional performance...

CEO Succession Practices: 2012 Edition documents and analyzes succession events of chief executive officers (CEOs) of S&P 500 companies. In addition to updates on historical trends, the study features discussions of the most notable cases of CEO succession that took place in 2011 (based on press...

Regulators, credit rating agencies, and securities analysts consider poor succession planning a significant business risk. However, there is surprisingly little academic research about how succession planning affects CEO turnover decisions. Using comprehensive data for U.S. public firms, we...

There is widespread concern that corporate boards do not sufficiently punish chief executive officers (CEOs) for poor performance. Board effectiveness in ousting CEOs may be affected by chief executives who also chair the board or influence the succession planning process. This article explores...