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IESE (España)
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What Lies Behind CEO Failure
Capapé, Javier; Stein, GuidoTechnical Note DPON-83-ECorporate Governance, EconomicsManagement literature has no clear answer to the question of what causes CEO dismissal. Articles published over the last 30 years in journals such as The Journal of Finance, Journal of Financial Economics, Academy of Management and Journal of Management come to opposite conclusions. The same explanatory variables have been worked through time and again: CEO origin (insider-outsider); director selection; CEO age and length of service; company typ...Starting at €8.20
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How the Mighty Are Fallen
Stein Martínez, Guido; Capapé, JavierArticle ART-1648-ELeadership and People ManagementCompanies statistically dismiss twice as many CEOs in bad economic times as in good. Certainly, many senior executives have lost their jobs lately. Yet this new wave of dismissals masks a deeper trend: In the past two decades, the average tenure of a CEO has halved, and yet, in fewer than half the cases, the reason for their departure was solely because of poor performance. Experts disagree on the reasons for CEO failure, but the variables can be...Starting at €8.20
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La caída de los dioses
Stein Martínez, Guido; Capapé, JavierArticle ART-1648Leadership and People ManagementLa estadística dice que durante las recesiones se despiden el doble de CEO que en un período normal. Hoy, por tanto, muchos altos ejecutivos están perdiendo su trabajo. Pero esta última ola esconde una corriente de más alcance: en las últimas décadas el mandato medio de un CEO se ha reducido a la mitad. Y lo sorprendente es que los malos resultados explican menos de la mitad de relevos. No hay unanimidad entre los expertos sobre cuáles son los v...Starting at €8.20
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¿Qué hay detrás del fracaso de los CEOs
Capapé, Javier; Stein, GuidoTechnical Note DPON-83Corporate Governance, EconomicsLas decisiones sobre la destitución de un CEO adolecen de fundamentos sólidos en la bibliografía científica. Revistas como Journal of Finance, Journal of Financial Economics, Academy of Management o Journal of Management han publicado artículos de conclusiones enfrentadas durante los últimos 30 años. Existe un conjunto de variables con poder explicativo que son estudiadas de manera recurrente. Variables como la procedencia del CEO ("insider-outs...Starting at €8.20