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Dimitrios Georgakakis
Title
Prof. Dr.
Last Name
Georgakakis
First name
Dimitrios
Email
dimitrios.georgakakis@unisg.ch
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1 - 3 of 3
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PublicationCEO Succession Origin and Firm Performance: A Multilevel StudyThere has been much controversy concerning the relationship between outside CEO succession origin and firm performance. Some scholars take the organizational-adaptation view to highlight the benefits of outside succession; yet others adopt the organizational-disruption view to pose the selection of an outsider CEO as a disruptive and disadvantageous event for organizations. In this study, we develop an integrated multilevel framework that reconciles these opposing perspectives and examines the conditions under which the benefits of outside CEO succession outweigh the costs. Data from 109 CEO succession events in large international firms show that the performance advantages of outside succession materialize when the new CEO: (a) socio-demographically resembles incumbent executives, (b) possesses variety of experience, and (c) is hired by a well-performing firm operating in a munificent industry. Overall, our research demonstrates that the performance implications of new CEO origin should not be considered in isolation, but in interaction with multilevel characteristics.Type: journal articleJournal: Journal of management studies : JMSVolume: 54Issue: 1DOI: 10.1111/joms.12194
Scopus© Citations 98 -
PublicationCEO Succession and Firm PerformanceWAVES AND WINDS OF STRATEGIC LEADERSHIP FOR SUSTAINABLE COMPETITIVENESSType: conference paper
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PublicationTop Management Team Faultlines and Firm Performance: Moderating Effects of CEO CharacteristicsResearch indicates that the impact of TMT faultlines on firm performance is equivocal. We address this issue by emphasizing the moderating role of the CEO. Drawing on the categorization-elaboration model (CEM) and the upper echelons perspective, we propose that CEOs with diverse career experience and shared team tenure with other executives are better equipped to reduce the self-categorization costs of TMT faultlines and enhance information processing and performance benefits. Longitudinal data from an unbalanced panel dataset of 109 large European firms between 2005 and 2009 (390 firm-year observations) shows that experience-based TMT faultlines have more detrimental effects on firm performance than socio-demographic TMT faultlines. Our results also demonstrate that CEOs` background characteristics do play a key role in minimizing the severe performance consequences of experience-based TMT subgroups. Theoretical and practical implications of these findings are discussed together with future research directions.Type: conference paper