6 research outputs found
Influence of Emulsifying Salts on the Textural Properties of Nonfat Process Cheese Made from Direct Acid Cheese Bases
THE DATE AND SEQUENCE OF USE OF NEOLITHIC FUNERARY MONUMENTS: NEW AMS DATING EVIDENCE FROM THE COTSWOLD-SEVERN REGION
A single test for the determination of parameters of the speed–time relationship for running
Determinants of CEO Age at Succession
Based on Brickley’s (2003) call for research on the CEO/turnover relation, we examine determinants of CEO age at succession. Utilizing the similarity–attraction paradigm, we propose that board members will select new CEOs that are similar to their own age. We find a strong positive relation between successor CEO age and average board member age. Thus, the similarity–attraction paradigm seems to play a role in board of director selection of CEO successors. However, we also propose that poor prior performance may mitigate similarity–attraction. Our results are also consistent with this hypothesis because we find no relation between successor CEO and board age following poor prior performance. Finally, the hiring of an age-similar CEO does not reduce the companies’ subsequent financial performance and may even have a slightly positive impact on it. Copyright Springer 2006