Academic Journal
The Impact of CEO Successions Involving a Change of Gender on Strategic Change: The Moderating Role of Environmental Factors
| العنوان: | The Impact of CEO Successions Involving a Change of Gender on Strategic Change: The Moderating Role of Environmental Factors |
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| المؤلفون: | Wu, Jie, Richard, Orlando C., del Carmen Triana, María, Yu, Luman |
| المصدر: | Journal of Management Studies ; volume 62, issue 1, page 173-213 ; ISSN 0022-2380 1467-6486 |
| بيانات النشر: | Wiley |
| سنة النشر: | 2024 |
| المجموعة: | Wiley Online Library (Open Access Articles via Crossref) |
| الوصف: | Prior research highlights the disruptive and detrimental effects of chief executive officer (CEO) successions that involve a change of gender, i.e., from a male CEO to a female CEO and vice versa. In contrast, we contend that the effects of CEO successions with gender change depend on the context in which they take place. Drawing on expectation states theory, we identify contexts in which each type of CEO succession with gender change can have positive effects on strategic change and subsequent firm performance, depending on whether the degree of gender parity in the context is sufficient for the new CEO to enact strategic changes. Consistent with our arguments, we report findings from Chinese and US samples showing that in the presence of high environmental dynamism female‐to‐male CEO succession yields greater strategic change. Conversely, when environmental dynamism is low, it is male‐to‐female CEO succession that brings about greater strategic change. Furthermore, in the Chinese context, we found that female‐to‐male CEO succession in state‐owned companies results in greater strategic change, whereas male‐to‐female CEO succession has the same effect in privately‐owned settings. Moderated mediation analysis showed that the significant interaction effects on strategic change affect long‐term downstream performance (i.e., Tobin's Q). We discuss implications for theory and practice related to CEO successions. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1111/joms.13042 |
| الاتاحة: | https://doi.org/10.1111/joms.13042 https://onlinelibrary.wiley.com/doi/pdf/10.1111/joms.13042 |
| Rights: | http://onlinelibrary.wiley.com/termsAndConditions#vor |
| رقم الانضمام: | edsbas.BF2A7544 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1111/joms.13042 |
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