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External management succession, human capital, and firm performance: an integrative analysis

✍ Scribed by Elizabeth E. Bailey; Constance E. Helfat


Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
215 KB
Volume
24
Category
Article
ISSN
0143-6570

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✦ Synopsis


Abstract

Economic analysis of human capital leads to a somewhat different question than that addressed by other management research on external succession: do differences between external successors in the transferability of their human capital affect firm performance, and if so, how? By comparing external successors that have within‐industry and related‐industry skills, we find that successors with less transferable (related‐industry) skills have greater variance of firm performance. Our analysis provides an example of the benefits of integrating economic concepts with empirical research in competitive strategy, on a topic of central concern in the traditional strategic management literature, namely, top executives. Copyright © 2003 John Wiley & Sons, Ltd.


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