Factors of CEO Failure: Mapping the Debate
University of Navarra - IESE Business School
ESADE Business School - ESADEgeo Center for Global Economy and Geopolitics
June 30, 2009
IESE Business School Working Paper No. ES-85
The failure of the CEO has been studied at great length in the literature. We order and classify the factors that lead to CEO failure into those a CEO can influence (endogenous) and those that are given (exogenous). The absence of unanimity in the literature leads us to concluye that limited attention has been paid to the main factor: the personal characteristics of CEOs. The agency approach and method are insufficient to understand leadesrship perfomance in organizations, due to the oversimplified view of human nature on which they are based and their heavy reliance on mathematical modeling.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 60
Keywords: CEO, turnover, corporate governance, agency theory, business ethics, succession
JEL Classification: M51, M52, M54, G34, G39working papers series
Date posted: February 24, 2010 ; Last revised: May 3, 2010
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