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The organizational predictors of executive career advancement in career moves across employers

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Author Info

  • MONIKA HAMORI

    ()
    (Instituto de Empresa)

Abstract

This paper examines the career moves of executives between two different organizations and looks at the characteristics of executives´ employing organizations as a predictor of the success of the moves. The paper uses a proprietary data set of a retained executive search firm that contains information on the career paths of executives in the financial services industry. The results show that the perceived operational excellence of executives´ employing organization has a significant signaling power for other employers and strongly impacts the success of executives´ moves across different organizations.

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File URL: http://latienda.ie.edu/working_papers_economia/WP04-32.pdf
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Bibliographic Info

Paper provided by Instituto de Empresa, Area of Economic Environment in its series Working Papers Economia with number wp04-32.

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Length: 28 pages
Date of creation: Nov 2004
Date of revision:
Handle: RePEc:emp:wpaper:wp04-32

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Related research

Keywords: Career management; Organizations; Executives; Finacial services industry; Signaling theory;

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  1. Barro, Jason R. & Barro, Robert J., 1990. "Pay, Performance, and Turnover of Bank CEOs," Scholarly Articles 3451300, Harvard University Department of Economics.
  2. Allgood, Sam & Farrell, Kathleen A, 2000. "The Effect of CEO Tenure on the Relation between Firm Performance and Turnover," Journal of Financial Research, Southern Finance Association & Southwestern Finance Association, vol. 23(3), pages 373-90, Fall.
  3. Warner, Jerold B. & Watts, Ross L. & Wruck, Karen H., 1988. "Stock prices and top management changes," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 461-492, January.
  4. Kevin J. Murphy & Jan Zabojnik, 2006. "Managerial Capital and the Market for CEOs," Working Papers 1110, Queen's University, Department of Economics.
  5. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
  6. Weisbach, Michael S., 1988. "Outside directors and CEO turnover," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 431-460, January.
  7. Debackere, Koenraad & Rappa, Michael A., 1995. "Scientists at major and minor universities: mobility along the prestige continuum," Research Policy, Elsevier, vol. 24(1), pages 137-150, January.
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