International experience and CEO selection: An empirical study |
| |
| Institution: | 1. Sasin School of Management, Chulalongkorn University, Thailand;2. Center of Excellence in Management Research for Corporate Governance and Behavioral Finance, Sasin School of Management, Chulalongkorn University, 254 Phayathai Road, Bangkok, Thailand 10330.;3. Pennsylvania State University, School of Graduate Professional Studies, USA;4. UWA Business School, 35 Stirling Hwy, University of Western Australia, Perth, 6009 Australia;5. Research Unit in Sustainability in Finance & Capital Market Development, Sasin School of Management, Chulalongkorn University, 254, Phayathai Road, Bangkok, Thailand 10330.;1. Institute for Financial & Accounting Studies, Xiamen University, China;2. HEC Liège, Management School of the University of Liège, Belgium;3. Research Institute of Economics and Management, Southwestern University of Finance and Economics, China;1. Perella Department of Finance, Lehigh University, 621 Taylor Street, Bethlehem, PA 18015, United States;2. Gabelli School of Business, Fordham University, 45 Columbus Avenue, New York, NY 10023, United States |
| |
| Abstract: | This paper extends the upper-echelons theory by examining if observable demographic characteristics can be used to predict CEO selections. Based on an empirical analysis of recent successions at USA Fortune 200 companies, it identifies international experience as an important construct associated with accession to the CEO position of large corporations. The study also finds that CEO international experience is higher in firms that are highly international in terms of sales and assets. Firm and individual control variables are discussed and included in the empirical analysis. Managerial implications and suggestions for related future research are provided. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
