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

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  • 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.

Suggested Citation

  • Monika Hamori, 2004. "The organizational predictors of executive career advancement in career moves across employers," Working Papers Economia wp04-32, Instituto de Empresa, Area of Economic Environment.
  • Handle: RePEc:emp:wpaper:wp04-32
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    File URL: http://latienda.ie.edu/working_papers_economia/WP04-32.pdf
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    References listed on IDEAS

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    1. Barro, Jason R & Barro, Robert J, 1990. "Pay, Performance, and Turnover of Bank CEOs," Journal of Labor Economics, University of Chicago Press, vol. 8(4), pages 448-481, October.
    2. 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.
    3. Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", pages 129-137.
    4. 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.
    5. 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 373-390, Fall.
    6. Kevin J. Murphy & Jan Zabojnik, 2006. "Managerial Capital and the Market for CEOs," Working Papers 1110, Queen's University, Department of Economics.
    7. Weisbach, Michael S., 1988. "Outside directors and CEO turnover," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 431-460, January.
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    More about this item

    Keywords

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

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