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External management succession, human capital, and firm performance: an integrative analysis
Abstract
Economic analysis of human capital leads to a somewhat different question than that addressed by other management research on external succession: do differences between external successors in the transferability of their human capital affect firm performance, and if so, how? By comparing external successors that have within‐industry and related‐industry skills, we find that successors with less transferable (related‐industry) skills have greater variance of firm performance. Our analysis provides an example of the benefits of integrating economic concepts with empirical research in competitive strategy, on a topic of central concern in the traditional strategic management literature, namely, top executives. Copyright © 2003 John Wiley & Sons, Ltd.
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Citations
Cites
Top executive commitment to the status quo: Some tests of its determinants
Hambrick, D. C., Geletkanycz, M. A., & Fredrickson, J. W. (1993) · Strategic Management Journal · doi:10.1002/smj.4250140602 · Cited by 1,058
Cited by
Corporate effects and dynamic managerial capabilities
Adner, R., & Helfat, C. E. (2003) · Strategic Management Journal · doi:10.1002/smj.331 · Cited by 1,756
Self-citationDynamic Managerial Capabilities: Review and Assessment of Managerial Impact on Strategic Change
Helfat, C. E., & Martin, J. A. (2015) · Journal of Management · doi:10.1177/0149206314561301 · Cited by 1,045
Self-citationAirports' managerial human capital, ownership, and efficiency
Ripoll-Zarraga, A. E., & Huderek-Glapska, S. (2021) · Journal of Air Transport Management · doi:10.1016/j.jairtraman.2021.102035 · Cited by 16
Metadata
- Authors
- Bailey, E. E., & Helfat, C. E.
- Venue
- Managerial and Decision Economics
- Publisher
- Wiley
- Published
- 2003-06
- Volume
- 24
- Issue
- 4
- Pages
- 347-369
- ISSN
- 0143-6570 (ISSN-L)
- 1099-1468
- OpenAlex
- W2152996339
- Cited by
- 213
- References
- 1
- FWCI
- 6.31
- Type
- journal article
- Language
- en
- Open access
- closed
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