Who matters more? The impact of functional background and top executive mobility on firm survival

Item Type Journal paper
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.

Authors Bermiss, Y. Sekou & Murmann, Johann P.
Journal or Publication Title Strategic Management Journal
Language English
Subjects business studies
HSG Classification contribution to scientific community
Refereed Yes
Date 4 August 2015
Publisher Wiley
Volume 36
Number 11
ISSN 0143-2095
Publisher DOI 10.1002/smj.2320
Official URL https://onlinelibrary.wiley.com/doi/abs/10.1002/sm...
Contact Email Address peter.murmann@unisg.ch
Depositing User Michele Kölbener
Date Deposited 17 Oct 2018 11:41
Last Modified 26 Oct 2018 13:23
URI: https://www.alexandria.unisg.ch/publications/255358

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Citation

Bermiss, Y. Sekou & Murmann, Johann P. (2015) Who matters more? The impact of functional background and top executive mobility on firm survival. Strategic Management Journal, 36 (11). ISSN 0143-2095

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https://www.alexandria.unisg.ch/id/eprint/255358
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