CEO Successor Characteristics and the Choice of Foreign Market Entry Mode: An Empirical Study

Based on the upper echelons theory, this study of 126 CEO successions and 271 foreign market entry events examines the relationships between successor CEO characteristics and choice of entry mode. Results indicate that CEO position tenure, throughput functional background, and international experien...

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Bibliographic Details
Published in:Journal of international business studies 2002-01, Vol.33 (3), p.551-569
Main Authors: Herrmann, Pol, Datta, Deepak K.
Format: Article
Language:English
Subjects:
Business and Management
Business management
Business Strategy/Leadership
Business structures
Business studies
Chief executive officers
Corporate strategies
Decision making
Demography
Diversification
Economic theory
Educational levels
Empirical research
Executives
Foreign markets
International Business
International markets
Knowledge
Knowledge bases
Management
Management science
Managers
Market entry
Organization
Organizational behavior
Research & development expenditures
Strategic management
Studies
Successors
Tenure
Upper management
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Description
Summary:Based on the upper echelons theory, this study of 126 CEO successions and 271 foreign market entry events examines the relationships between successor CEO characteristics and choice of entry mode. Results indicate that CEO position tenure, throughput functional background, and international experience are associated with full-control entry modes. Additionally, these relationships were observed in the subgroup of high-performing firms but not in the low-performing subgroup.
ISSN:0047-2506
1478-6990
DOI:10.1057/palgrave.jibs.8491031