000 01891naa a2200193uu 4500
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003 OSt
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008 101020s2002 xx ||||gr |0|| 0 eng d
100 1 _aBIGLEY, Gregory A.
_942793
245 1 0 _aNew CEOs and corporate strategic refocusing :
_bhow experience as heir apparent influences the use of power
260 _aIthaca :
_bJohnson Graduate School of Management,
_cDecember 2002
520 3 _aThis paper integrates corporate governance research on the consequences of executive power and the upper echelons literature on top managers’ cognitive orientation to develop a framework in which the characteristics of the chief executive officer (CEO) predict corporate strategic refocusing. With data from a sample of large and diversified firms, we examine the extent to which newly appointed CEOs’ strategic orientation determines whether they use their power to maintain the status quo or refocus their firms’ business portfolios. We assess CEOs’ power with seven widely used indicators and use experience as heir apparent to the prior CEO as a measure of new CEOs’ strategic orientation. Overall, results show that CEOs’ power use is influenced by heir apparent experience in predicting the level of corporate strategic refocusing. Heir apparent experience interacts with four power indicators--compensation, functional expertise, elite education, and number of outside boards on which the new CEO is seated--but the interaction between heir apparent experience and number of outside boards is contrary to what was hypothesized
700 1 _aWIERSEMA, Margarethe F
_925007
773 0 8 _tAdministrative Science Quarterly
_g47, 4, p. 707-727
_dIthaca : Johnson Graduate School of Management, December 2002
_xISSN 00018392
_w
942 _cS
998 _a20101020
_b1604^b
_cDaiane
998 _a20101027
_b1647^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c37004
_d37004
041 _aeng