External management succession, human capital, and firm performance: an integrative analysis

Elizabeth Bailey and Constance E. Helfat
Additional contact information
Constance E. Helfat: Tuck School of Business, 100 Tuck Hall, Dartmouth College, Hanover, NH 03755, USA, Postal: Tuck School of Business, 100 Tuck Hall, Dartmouth College, Hanover, NH 03755, USA

Managerial and Decision Economics, 2003, vol. 24, issue 4, 347-369

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.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
http://hdl.handle.net/10.1002/mde.1119 Link to full text; subscription required (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:24:y:2003:i:4:p:347-369

DOI: 10.1002/mde.1119

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().