3 research outputs found
Choosing the right network strategy to manage exploration processes
We develop a social capital model that explains how networks of
interorganizational relationships can be structured to manage exploration
processes directed at gaining competitive advantage in different environmental
contexts. We argue that a networkstructure of low density and high strength of
relationships is beneficial if the main goal of the network is to actively
configure the environment, e.g. under conditions of high environmental
complexity. In contrast, a network structure of high density and low strength
of relationships is advantageous if the adaptation to changing environmental
conditions is the main concern of the embedded organizations, e. g., in
contexts characterized by high environmental variability
evidence from a stakeholder environment ; presented at the 25th annual international conference Strategic Management Society, 2005, Orlando, USA
Based on a sample of large, publicly traded German companies, we study
performance implications of CEO dismissals. We find that measures of
accounting performance are good predictors of CEO dismissal events: Low pre-
succession accounting performance increases the probability of dismissals.
However, replacement CEOs do not manage to turn things around because they do
not experience significant increases in either operating or market performance
during a two-year post-succession period
The influence of the board chairman on CEO dismissals and replacements ; Paper presented at the 26th annual conference of the Strategic Management Society, Vienna, October 2006
Based on a sample of large, publicly traded German companies, we study
performance implications of CEO duality for executive succession events. We
find that CEO dismissals are more frequent at low levels of pre-succession
market-based performance and CEO duality. Postsuccession sales growth and
operating earnings are higher for firms with CEO dismissals and CEO duality.
Our results provide partial support to stewardship theory and no support to
agency theory