Refine your search
Collections
Co-Authors
Journals
Year
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Kabiraj, Sajal
- Adverse Effect of Top Management Team Loss on the Performance of the Incumbent Firm in the Pharmaceutical Industry
Abstract Views :426 |
PDF Views:3
Authors
Tariq Malik
1,
Sajal Kabiraj
1
Affiliations
1 International Centre for Organization and Innovation Studies (ICOIS) Dongbei University of Finance and Economics Dalian, CN
1 International Centre for Organization and Innovation Studies (ICOIS) Dongbei University of Finance and Economics Dalian, CN
Source
Journal of Management Research, Vol 11, No 1 (2011), Pagination: 37-47Abstract
The loss of senior executives and the resulting effects on the firm's performance is relatively under researched. Using managerial human capital perspective and managerial symbolic capital perspective, we empirically tested the effects of the loss of Top Management Team (TMT) executives on the performance of 168 large pharmaceutical firms over 10 years. Our evidence indicates that the number of TMT loss, managerial ranking hierarchy, and international experience of the executives are inversely related to the performance of the firm in the year subsequent to the loss. We conclude that the loss of managerial human resource can predict negative performance in the short-run.Keywords
Loss of TMT, Managerial Symbolic Capital, Managerial Human Capital
References
- Aiken, L. S. and West, G. (1991), Multiple Regression: Testing and Interpreting Interactions, Sage Publications, Newbury Park, CA.
- Barney, J. (1991), Firms Resources and Sustained Competitive Advantage, Journal of Management, 17(1): 99-120.
- Bartholomew, S. (1997), National Systems of Biotechnology Innovation: Complex Interdependence in the Global System, Journal of International Business Studies, 28(2): 241-266.
- Bebchuck, L. A. and Fried, J. M. (2004), Pay wihtout Performance: The Unfilled Promise of Executive Compensation, Harvard University Press, Cambridge, MA.
- Becker, G. S. (1964), Human Capital, Columbia University Press, New York.
- Boeker, W. (1997), Executive Migration and Strategic Change: The Effect of Top Manager Movement on Product-market Entry, Administrative Science Quarterly, 42: 213-236.
- Cannella, A. and Lubatkin, M. (1993), Succession as a Sociopolitical Process: Internal Impediments to Outsider Selection, Academy of Management Journal, 36(4): 763-793.
- Carpenter, M., Sanders, G. and Gregersen, H. B. (2001), Bundling Human Capital with Organizational Context: The Impact of International Assignment Experience on Multinational Firm Performance and CEO Pay, Academy of Management Journal, 44(3): 493-511.
- Castanias, R. P. and Helfat, C. E. (1991), Managerial Resources and Rent, Journal of Management, 17(1): 155-171.
- Castanias, R. P. and Helfat, C. E. (2001), The Managerial Rental Model: Theory and Empirical Analysis, Journal of Management, 27: 661-678.
- Charan, R. (2005), Ending the CEO Succession Crisis, Harvard Business Review, 83(2).
- Child, J. (1972), Organization Structure, Environments and Performance: The Role of Strategic Choice, Sociology, 6(1): 1-22.
- Crossland, C. and Hambrick, D. C. (2007), How National Systems Differ in Their Constraints on Corporate Executives: A Study of CEO Effects in Three Countries, Strategic Management Journal, 28: 767-789.
- Deephouse, D. L. and Carter, S. M. (2005), An Examination of Differences Between Organizational Legitimacy and Organizational Reputation, Journal of management Studies, 42(2): 329-360.
- Finkelstein, S. (1992), Power in Top-Management Teams: Dimensions, Measurement, and Validation, Academy of Management Journal, 35: 505-538.
- Finkelstein, S. and Hambrick, D. C. (1987), Top-Management-Team Tenure and Organizational Outcomes: The Moderating Role of Managerial Discretion, Administrative Science Quarterly, 35.
- Freeman, R. E. (1999), Divergent Stakeholder Theory, Academy of Management Review, 24(2): 233-236.
- Gardner, T. M. (2005), Interfirm Competition for Human Resources: Evidence from the Software Industry, Academy of Management Journal, 48(2): 237-256.
- Goerzen, A. and Beamish, P. W. (2005), The Effect of Alliance Network Diversity on Multinational Enterprise Performance, Strategic Management Journal, 26(4): 333-354.
- Hambrick, D. C. and Abrahamson, E. (1995), Assessing Managerial Discretion Across Industries: A Multimethod Approach, Academy of Management Journal, 38(5): 1427.
- Hambrick, D. C. and Mason, P. A. (1984), Upper Echelons: The Organization as a Reflection of Its Top Managers, Academy of Management Review, 9(2): 193-206.
- Harris, D. and Helfat, C. (1997), Specificity of CEO Human Capital and Compensation, Strategic Management Journal, 18(11): 895-920.
- Hayes, R. H. and Abernathy, W. J. (1980), Managing Our Way to Economic Decline, Harvad Business Review, 58(4): 67-77.
- Koka, B. and Prescott, J. E. (2002), Strategic Alliances as Social Capital: A Multidimensional View, Strategic Management Journal, 23: 795-816.
- Miles, R. and Snow, C. (1978), Organizational Strategy, Structure and Process, McGraw-Hill, New York.
- Murphy, K. and Zabojnik, J. (2004), CEO Pay and Appointments: A Market-Based Explanation for Recent Trends, The American Economic Review, 94(2): 194-196.
- Pfeffer, J. (1972), Size and Composition of Corporate Boards of Directors: The Organization and its Environment, Administrative Science Quarterly, 17(2): 218-228.
- Pfeffer, J. (1998), The Human Equation: Building Profits by Putting People First, Harvard Business School Press, Boston.
- Pfeffer, J., Salancik, G. and Leblebici, H. (1976), The Effect of Uncertainty on the Use of Social Influence in Organizational Decision Making, Administrative Science Quarterly, 21: 227-245.
- Reuber, A. R. and Fischer, E. (1997), The Influence of the Management Team’s International Experience on the Internationalization Behaviors of SMEs, Journal of International Business Studies, 28(4): 807-825.
- Robbins, S. and Duncan, R. B. (1988), The Role of The CEO and Top Management in the Creation and Implementation of Strategic Vision, In Hambrick, D. C. (Ed), The Executive Effect: Concepts and Methods for Studying Top Managers, Vol. 2, pp. 205-236, JAI Press, Greenwich, Connecticut.
- Rumelt, R. P., Schendel, D. and Teece, D. J. (1991), Strategic Management and Economics, Strategic Management Journal, 12: 5-29.
- Singh, J., Tucker, D. and House, R. (1986), Organizational Change and Organizational Mortality, Administrative Science Quarterly, 31: 587-611.
- Smith, R. D., Correa, C. and Oh, C. (2009), Trade, TRIPS, and Pharmaceuticals, Lancet, 373(February): 684-691.
- Suchman, M. C. (1995), Managing Legitimacy: Strategic and Institutional Approaches, Academy of Management Review, 20(3): 571-611.
- Ungson, G. R. and Steers, R. M. (1984), Motivation and Politics in Executive Compensation, Academy of Management Review, 9(2): 313-323.
- Vancil, R. F. (1987), Passing the Baton: Managing the Process of CEO Succession, Harvard Business School Press, Boston.
- Veiga, J. F. (1983), Mobility Influences during Managerial Career Stages, Academy of Management Journal, 26(1): 64-85.
- Walsh, J. P. (1988), Top Management Turnover Following Mergers and Acquisitions, Strategic Management Journal, 9(2): 173-183.
- Wernerfelt, B. (1984), A Resource-based View of the Firm, Strategic Management Journal, 5(2): 171-180.
- West, T. W., Jr. and Schwenk, C. R. (1996), Top Management Team Strategic Consensus, Demographic Homogeneity and Firm Performance: A Report of Resounding Nonfindings, Strategic Management Journal, 17(7): 571-576.
- Westphal, J. D. and Milton, L. P. (2000), How Experience and Network Ties Affect the Influence of Demographic Minorities on Corporate Boards, Administrative Science Quarterly, 45(2): 366-398.
- Westphal, J. D. and Zajac, E. J. (1994), Substance and Symbolism in CEOs’ Long-term Incentive Plans, Administrative Science Quarterly, 39(3): 367.
- Williamson, I. and Cable, D. (2003), Organizational Hiring Patterns, Interfirm Network Ties, and Interorganizational Immitation, Academy of Management Journal, 46(3): 349-358.