Relationship between Corporate CEO Succession Planning and Corporate Performance
In an increasingly competitive market environment, as an important decision for strategic change, CEO succession is a key step to driving sustainable development. The formulation of succession plans and how to improve the effectiveness of internal promotion mechanisms have been researched topics...
| الحاوية / القاعدة: | Amfiteatru Economic |
|---|---|
| المؤلفون الرئيسيون: | , , , |
| التنسيق: | مقال |
| اللغة: | الإنجليزية |
| منشور في: |
Editura ASE
2023-08-01
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://www.amfiteatrueconomic.ro/temp/Article_3240.pdf |
| _version_ | 1849712636196814848 |
|---|---|
| author | Zongyi Yin Jiamei Ye Xiaoying Wang Fang Su |
| author_facet | Zongyi Yin Jiamei Ye Xiaoying Wang Fang Su |
| author_sort | Zongyi Yin |
| collection | DOAJ |
| container_title | Amfiteatru Economic |
| description | In an increasingly competitive market environment, as an important decision for strategic
change, CEO succession is a key step to driving sustainable development. The formulation
of succession plans and how to improve the effectiveness of internal promotion mechanisms
have been researched topics in executive team management. To explore the relationship
between corporate executive succession planning and corporate performance, using 3955
CEO succession samples from 2599 companies during 2001-2015 in China, the Probit model,
and the two-stage least squares method, the relationship between corporate CEO succession
planning and corporate performance under the director-cum-CEO succession model was
analysed. The results reveal that the formulation or not of succession plans in firms,
particularly in listed firms, directly affects firm performance. Director-CEO internal
succession decisions reduce firm performance relative to other CEO succession models.
Conclusions obtained from this study indicate the relationship between succession planning
and organisational performance at the micro level and provide a theoretical reference to
further promote research related to succession decisions in listed companies and the longterm development interests of firms.
|
| format | Article |
| id | doaj-art-3cc8a0a03c8e4fbf814d3ee5e19a900a |
| institution | Directory of Open Access Journals |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2023-08-01 |
| publisher | Editura ASE |
| record_format | Article |
| spelling | doaj-art-3cc8a0a03c8e4fbf814d3ee5e19a900a2025-08-20T01:56:35ZengEditura ASEAmfiteatru Economic1582-91462247-91042023-08-012564 88590110.24818/EA/2023/64/885 Relationship between Corporate CEO Succession Planning and Corporate PerformanceZongyi Yin0https://orcid.org/0000-0003-1354-1853Jiamei Ye1https://orcid.org/0000-0001-6506-2593 Xiaoying Wang 2https://orcid.org/0000-0002-4838-5638 Fang Su3https://orcid.org/0000-0001-9810-9204Wuhan University of Technology, School of Law, Humanities, and Sociology, Wuhan, ChinaWuhan University of Technology, School of Law, Humanities, and Sociology, Wuhan, ChinaWuhan University of Technology, School of Safety Science and Emergency Management, Wuhan, ChinaWuhan University of Technology, School of Safety Science and Emergency Management, Wuhan, ChinaIn an increasingly competitive market environment, as an important decision for strategic change, CEO succession is a key step to driving sustainable development. The formulation of succession plans and how to improve the effectiveness of internal promotion mechanisms have been researched topics in executive team management. To explore the relationship between corporate executive succession planning and corporate performance, using 3955 CEO succession samples from 2599 companies during 2001-2015 in China, the Probit model, and the two-stage least squares method, the relationship between corporate CEO succession planning and corporate performance under the director-cum-CEO succession model was analysed. The results reveal that the formulation or not of succession plans in firms, particularly in listed firms, directly affects firm performance. Director-CEO internal succession decisions reduce firm performance relative to other CEO succession models. Conclusions obtained from this study indicate the relationship between succession planning and organisational performance at the micro level and provide a theoretical reference to further promote research related to succession decisions in listed companies and the longterm development interests of firms. https://www.amfiteatrueconomic.ro/temp/Article_3240.pdfsuccession planningorganisational performanceinternal appointmentsceo succession |
| spellingShingle | Zongyi Yin Jiamei Ye Xiaoying Wang Fang Su Relationship between Corporate CEO Succession Planning and Corporate Performance succession planning organisational performance internal appointments ceo succession |
| title | Relationship between Corporate CEO Succession Planning and Corporate Performance |
| title_full | Relationship between Corporate CEO Succession Planning and Corporate Performance |
| title_fullStr | Relationship between Corporate CEO Succession Planning and Corporate Performance |
| title_full_unstemmed | Relationship between Corporate CEO Succession Planning and Corporate Performance |
| title_short | Relationship between Corporate CEO Succession Planning and Corporate Performance |
| title_sort | relationship between corporate ceo succession planning and corporate performance |
| topic | succession planning organisational performance internal appointments ceo succession |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3240.pdf |
| work_keys_str_mv | AT zongyiyin relationshipbetweencorporateceosuccessionplanningandcorporateperformance AT jiameiye relationshipbetweencorporateceosuccessionplanningandcorporateperformance AT xiaoyingwang relationshipbetweencorporateceosuccessionplanningandcorporateperformance AT fangsu relationshipbetweencorporateceosuccessionplanningandcorporateperformance |