IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY
This study investigatesthe performance consequences of Chief Executive Officer (CEO) succession in anemerging market as prior research suggests that the differences in theperformance implications of CEO successor’s origin may be related to the distinctivecontexts offered by these economies. Hence, w...
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| Format: | Article |
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Mehmet Akif Ersoy University
2018-12-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/607503 |
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| _version_ | 1832584354896805888 |
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| author | Aylin Ataay |
| author_facet | Aylin Ataay |
| author_sort | Aylin Ataay |
| collection | DOAJ |
| description | This study investigatesthe performance consequences of Chief Executive Officer (CEO) succession in anemerging market as prior research suggests that the differences in theperformance implications of CEO successor’s origin may be related to the distinctivecontexts offered by these economies. Hence, we investigated the impact of a newCEO origin on firm profitability in Turkey for the years 2010 and 2011. Theresults showed that there is a positive association between outsider successorsand post-succession profitability in listed companies in Turkey. Further, theeffects of unrelated and related outside succession on post-succession firmperformance differ. While the related outsiders affect negatively the firmperformance, unrelated outsiders contribute positively to the post-successionprofitability (ROA). These findings thus contribute to the existing CEOsuccession literature by emphasizing the value of outsider CEOs’ freshperspectives, new and diverse skills and initiative for change. |
| format | Article |
| id | doaj-art-f194ff1ed0a749b0a3c2fbe74333b2d6 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-f194ff1ed0a749b0a3c2fbe74333b2d62025-01-27T14:18:51ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582018-12-015358359610.30798/makuiibf.417482273IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEYAylin Ataay0GALATASARAY ÜNİVERSİTESİThis study investigatesthe performance consequences of Chief Executive Officer (CEO) succession in anemerging market as prior research suggests that the differences in theperformance implications of CEO successor’s origin may be related to the distinctivecontexts offered by these economies. Hence, we investigated the impact of a newCEO origin on firm profitability in Turkey for the years 2010 and 2011. Theresults showed that there is a positive association between outsider successorsand post-succession profitability in listed companies in Turkey. Further, theeffects of unrelated and related outside succession on post-succession firmperformance differ. While the related outsiders affect negatively the firmperformance, unrelated outsiders contribute positively to the post-successionprofitability (ROA). These findings thus contribute to the existing CEOsuccession literature by emphasizing the value of outsider CEOs’ freshperspectives, new and diverse skills and initiative for change.https://dergipark.org.tr/en/download/article-file/607503ceo successionoutside successioninside successionfirm performanceemerging economygenel müdür değişimlerişirket dışı haleflerfirma performansıgelişen ülkeler |
| spellingShingle | Aylin Ataay IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi ceo succession outside succession inside succession firm performance emerging economy genel müdür değişimleri şirket dışı halefler firma performansı gelişen ülkeler |
| title | IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY |
| title_full | IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY |
| title_fullStr | IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY |
| title_full_unstemmed | IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY |
| title_short | IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY |
| title_sort | implications of insider and outsider ceos on firm performance evidence from ceo successions from turkey |
| topic | ceo succession outside succession inside succession firm performance emerging economy genel müdür değişimleri şirket dışı halefler firma performansı gelişen ülkeler |
| url | https://dergipark.org.tr/en/download/article-file/607503 |
| work_keys_str_mv | AT aylinataay implicationsofinsiderandoutsiderceosonfirmperformanceevidencefromceosuccessionsfromturkey |