Non-CEO executive mobility: The impact of poor firm performance and TMT attention

被引：21
作者：
Buyl, Tine [1 ]
Boone, Christophe [1 ]
Wade, James B. [2 ]
机构：
[1] Univ Antwerp, Fac Appl Econ, ACED, Dept Management, B-2000 Antwerp, Belgium
[2] Emory Univ, Goizueta Business Sch, Atlanta, GA 30322 USA
来源：
EUROPEAN MANAGEMENT JOURNAL | 2015年 / 33卷 / 04期
关键词：
Non-CEO executive mobility; TMT exploratory attention; TMT exploitative attention; Organizational performance; TOP MANAGEMENT TEAMS; MANAGERIAL COGNITION; STRATEGIC CHANGE; TURNOVER; EXPLORATION; EXPLOITATION; SUCCESSION; ORGANIZATION; ANTECEDENTS; EVOLUTION;
D O I：
10.1016/j.emj.2015.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：257 / 267
页数：11
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