Relationship Among New CEO’s Characteristics, TMT Adjustment and Performance—Empirical Study Based on ST Listed Enterprises

Wei-ning Li and Yi-ning Zhang ()
Additional contact information
Wei-ning Li: South China University of Technology
Yi-ning Zhang: South China University of Technology

A chapter in Proceedings of 2013 4th International Asia Conference on Industrial Engineering and Management Innovation (IEMI2013), 2014, pp 319-329 from Springer

Abstract: Abstract Based on Upper Echelons Perspective, this study focuses on key problems from previous researches on CEO succession, to analyze relationship among ST listed enterprises’ new CEO characteristics, TMT adjustment and enterprise performance changes. We choose 108 CEO succession samples from listed enterprises which replaced CEO from 2000 to 2009, then find that new CEO age and education level have significant positive effects on enterprise short-term performance changes. New CEO without working experience as CEO can better improve short-term performance than the CEO with relevant experience. New CEO generated internally can better improve long-term performance than CEO generated externally. TMT adjustment has a significant positive effect on short-term performance changes, but new CEO’s characteristics have no significant effect on TMT adjustment. This study provides a new perspective for researches about transformation strategy of performance declined enterprises, and also provides a basis for Chinese enterprises to select and replace CEO.

Keywords: CEO characteristics; Enterprise performance changes; ST listed enterprises; Top management team adjustment (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-642-40060-5_31

Ordering information: This item can be ordered from
http://www.springer.com/9783642400605

DOI: 10.1007/978-3-642-40060-5_31

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().