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The Performance Consequences of CEO Turnover

40 Pages Posted: 8 May 2000  

Rakesh Khurana

Harvard Business School

Nitin Nohria

Harvard Business School

Date Written: March 15, 2000

Abstract

Previous research on executive turnover treats the departures of predecessors and the origin of successors as independent events. This approach has led to mixed empirical findings with respect to measuring the effects of executive turnover on firm performance. Using a longitudinal data set, we show that the conditions under which the predecessor departs (forced versus natural turnover) and the origin of the successor (insider versus outsider) are theoretically coupled phenomena with distinct combinations leading to differences in subsequent performance.

JEL Classification: G3, L2

Suggested Citation

Khurana, Rakesh and Nohria, Nitin, The Performance Consequences of CEO Turnover (March 15, 2000). Available at SSRN: https://ssrn.com/abstract=219129 or http://dx.doi.org/10.2139/ssrn.219129

Rakesh Khurana (Contact Author)

Harvard Business School ( email )

Soldiers Field
Boston, MA 02163
United States
617-495-4137 (Phone)
617-496-6554 (Fax)

Nitin Nohria

Harvard Business School ( email )

Soldiers Field
Boston, MA 02163
United States
617-495-6653 (Phone)
617-496-7387 (Fax)

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