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Industry-specific Human Capital of Breadth of Industry Experience? Outcomes and moderators

Author

Listed:
  • Burak Koyuncu

    (Tr@jectoires - Pôle Trajectoires - Rouen Business School - Rouen Business School)

  • Monika Hamori

    (IE Business School - IE Business School, Madrid - IE Business School, Madrid)

Abstract

This study looks at the relationship between CEOs' pre-succession industry-specific human capital, breadth of industry experience and the post-succession financial performance of their firm. It also tests whether industry stability and the strategic persistence of the firms that the CEOs lead moderate this relationship. In a sample of CEOs from the largest European companies (Financial Times Europe 500), we find that the role of CEOs' industry-specific human capital and breadth of industry experience on post-succession firm performance is contingent upon the strategic persistence of the firm. We contribute to the managerial human capital literature by testing the role of these two experiences on organizational outcomes, and to the CEO succession literature by examining the post-succession consequences of appointing CEOs with different industry experiences.

Suggested Citation

  • Burak Koyuncu & Monika Hamori, 2011. "Industry-specific Human Capital of Breadth of Industry Experience? Outcomes and moderators," Post-Print hal-00718593, HAL.
    • Handle: RePEc:hal:journl:hal-00718593
    as

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