Examining CEO succession and the role of heuristics in early‐stage CEO evaluation
研究了CEO继任过程中影响董事会早期评估的因素，发现传统绩效指标在CEO任职初期难以反映其质量，而继任情境会促使董事使用启发式方法进行判断。
Abstract This study develops and tests predictions regarding factors that influence early‐stage CEO evaluation. We suggest that contextual elements of the CEO succession process will influence the heuristics that directors employ to aid in their early evaluation of a CEO because traditional performance metrics, such as firm performance, are less diagnostic of CEO quality in the first years of their tenure. Broad empirical support for our theoretical arguments is shown in a sample of Fortune 1000 firms. Copyright © 2012 John Wiley & Sons, Ltd.