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Who matters more? The impact of functional background and top executive mobility on firm survival
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Who matters more? The impact of functional background and top executive mobility on firm survival
Journal
Strategic Management Journal
ISSN
0143-2095
Type
journal article
Date Issued
2015-08-04
Author(s)
Bermiss, Y. Sekou
Murmann, Johann P.
DOI
10.1002/smj.2320
Abstract
Do some top executives matter more than others? Integrating insights from upper echelons and executive mobility research, we suggest that the functional roles performed by top executives shape their value to the firm. We examine the effects of interfirm executive mobility on firm survival for New York City advertising firms from 1924 to 1996. We find that, while losing any top executive is damaging, the loss of a top executive whose functional role focuses on internal firm processes is more detrimental to firm survival than losing a top executive whose functional role focuses on managing external exchange relationships. Additionally, in situations when multiple executives leave simultaneously, firms are more negatively affected when the group departing is functionally heterogeneous. Copyright © 2014 John Wiley & Sons, Ltd.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Wiley
Volume
36
Number
11
Official URL
https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.2320
URL
https://www.alexandria.unisg.ch/handle/20.500.14171/106097
Subject(s)
business studies
Division(s)
IfB - Institute of Ma...
Contact Email Address
peter.murmann@unisg.ch
Eprints ID
255358
File(s)
Bermiss_Murmann-2015-SMJ.pdf (303.92 KB)