Executive succession and strategic change in Japan
研究了日本企业中高管继任与战略变革的关系，发现非例行继任后战略变革可能性更大，而例行继任在强势前总裁情况下会导致更少变革。
Scholars studying upper echelons have found that executive succession can serve as an important adaptation mechanism. The bulk of these findings, however, derive from market‐based governance settings, which raises an issue of contextual robustness. This study examines this issue by investigating the link between executive succession and strategic change in J apan, a context noted for relatively weak market‐based corporate governance and lack of board independence. We find a greater likelihood of strategic change after non‐routine executive succession, with the extent of change unaffected by firm performance. Routine succession in the case of a powerful prior president leads to less post‐succession strategic change . Copyright © 2014 John Wiley & Sons, Ltd.