TY  - RPRT
U1  - Arbeitspapier
A1  - Wulf, Torsten
A1  - Stubner, Stephan
T1  - Executive succession and firm performance
BT  - the role of position-specific skills
T2  - HHL-Arbeitspapier
N2  - Building on strategy-CEO fit research and organizational learning theory, we explore the relationship between CEO succession – specifically a certain skill set of the new CEO – and post-succession performance. For this purpose, we introduce the concept of position-specific skills of a new CEO and empirically test it using a sample of 59 CEO succession events that occurred between 1990 and 2005 in 50 of the largest publicly listed companies in Germany. Results show that position-specific skills of new CEOs actually have an influence on post-succession performance during the early tenure of a CEO. Thus, we conclude that organizational learning theory and position-specific skills of new CEOs offer a promising basis for executive succession research and that they deserve further attention.
T3  - HHL-Arbeitspapier / HHL Working paper - 86 
Y1  - 2009
SP  - 33, I-XV
S1  - 33, I-XV
PB  - HHL Leipzig Graduate School of Management
CY  - Leipzig
ER  -