CEO Succession in the Polish Capital Market in 2000–2015

Katarzyna Byrka-Kita (), Mateusz Czerwinski (), Agnieszka Preś-Perepeczo () and Tomasz Wiśniewski ()
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Katarzyna Byrka-Kita: University of Szczecin
Agnieszka Preś-Perepeczo: University of Szczecin
Tomasz Wiśniewski: University of Szczecin

A chapter in Efficiency in Business and Economics, 2018, pp 39-56 from Springer

Abstract: Abstract A change in the person holding a key managerial position in a company is an important event for the company’s stakeholders, and even more important when the company operates in the continental system of corporate governance and the CEO is the key person responsible for the strategic directions of operations and day to day control of different organizational structures of the enterprise. Based on such premises, in this article we analyze CEO succession in companies quoted on the Warsaw Stock Exchange. The article presents the basic characteristics of 1904 CEO appointments which were made in 2000–2015 and is an introduction to a series of articles which explain this phenomenon from different points of view. It was determined, for example, that in the entire period under analysis, preference was given to the appointment of a new CEO (997) rather than to an extension of the term of office of the existing CEO (850). However, in the last three years a reversed trend can be observed (213/258). It is worth adding that in the actual succession subgroup, supervisory boards prefer to appoint CEOs from among outsiders.

Keywords: CEO; Succession; Management; Capital market (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-68285-3_4

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DOI: 10.1007/978-3-319-68285-3_4

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