Title
Non-CEO executive mobility : the impact of poor firm performance and TMT attention Non-CEO executive mobility : the impact of poor firm performance and TMT attention
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Oxford ,
Subject
Economics
Source (journal)
European management journal. - Oxford
Volume/pages
33(2015) :4 , p. 257-267
ISSN
0263-2373
ISI
000358100300004
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
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.
E-info
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https://repository.uantwerpen.be/docman/iruaauth/887f43/1b6127090.pdf
Handle