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Title
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Non-CEO executive mobility : the impact of poor firm performance and TMT attention
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Author
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Abstract
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| We present a comprehensive and integrative study of non-CEO executive mobility, proposing two complementary approaches: (1) mobility as a reactive process, driven by poor organizational performance (the dominant approach in prior literature) and (2) mobility as a proactive process, reflecting incumbent TMTs' patterns of (exploratory and exploitative) attention. Using a sample of 1168 observations proceeding from 197 US organizations (2000-2011), we empirically validate that non-CEO executives' exit and inflow is driven by poor organizational performance, and that CEO replacement mediates this effect (i.e., the so-called 'sweep-out effect'). Furthermore, the probability of non-CEO executive inflow is higher when the incumbent TMT has a high level of exploratory attention and lower when there is a high level of exploitative attention. These 'proactive' effects occur over and above the 'reactive' processes of poor organizational performance. (C) 2015 Elsevier Ltd. All rights reserved. |
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Language
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English
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Source (journal)
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European management journal. - Oxford
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Publication
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Oxford
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2015
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ISSN
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0263-2373
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DOI
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10.1016/J.EMJ.2015.02.001
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Volume/pages
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33
:4
(2015)
, p. 257-267
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ISI
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000358100300004
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Full text (Publisher's DOI)
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Full text (open access)
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Full text (publisher's version - intranet only)
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