Dimitrios Georgakakis
Title
Prof. Dr.
Last Name
Georgakakis
First name
Dimitrios
Email
dimitrios.georgakakis@unisg.ch
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Item type:Publication, CEO Succession and Firm PerformanceWAVES AND WINDS OF STRATEGIC LEADERSHIP FOR SUSTAINABLE COMPETITIVENESSType:conference paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, New CEO origin and firm performance: Moderating effects of CEO similarity and career experienceThis paper seeks a better understanding of the performance implication of CEO succession origin. Drawing on relational demography and information processing theories, we propose that the benefits of outside succession are more likely to outweigh the costs when the outsider CEO: a) is socio-demographically similar to other executive team members and b) has acquired diverse experience from various countries and functional areas throughout his or her career. Data from 97 CEO succession events at large European corporations over a five years period (i.e. 2005 to 2009) show that both socio-demographic similarity and intra-personal career experience diversity of newly appointed CEOs act as optimizing factors that reduce the costs and increase the benefits of outside CEO succession. More generally, our research suggests that the performance effects of CEO succession origin should not be considered in isolation, but in interaction with other individual level attributes of newly appointed CEOs.Type:conference paper