CEO Turnover in Dual-Path Career: An Examination of Followers’ Power
Zhaojun Gao , Yuan Li , Guozhen Chang
Front. Bus. Res. China ›› 2013, Vol. 7 ›› Issue (3) : 333 -355.
CEO Turnover in Dual-Path Career: An Examination of Followers’ Power
This paper highlights the internecine struggle within the top management team in listed companies in China. Drawing on a power perspective, we longitudinally examine the antecedents of CEO dismissal followed by inside succession in dual-path CEO career. It examines the influence of followers’ power on the dismissal of incumbent CEO and demonstrates the liability of newness and outsiderness, which is strengthened by the power of followers. It also highlights conflicts of interest and competition within the top management team and the joint effects of followers’ power on both the liability of newness and outsiderness.
CEO turnover / dual-path career / liability of newness / outsiderness, China
Higher Education Press and Brill
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