%0 Journal Article
%T IMPLICATIONS OF INSIDER AND OUTSIDER CEOs ON FIRM PERFORMANCE: EVIDENCE FROM CEO SUCCESSIONS FROM TURKEY
%A Aylin Ataay
%J -
%D 2018
%X This study investigates the performance consequences of Chief Executive Officer (CEO) succession in an emerging market as prior research suggests that the differences in the performance implications of CEO successor¡¯s origin may be related to the distinctive contexts offered by these economies. Hence, we investigated the impact of a new CEO origin on firm profitability in Turkey for the years 2010 and 2011. The results showed that there is a positive association between outsider successors and post-succession profitability in listed companies in Turkey. Further, the effects of unrelated and related outside succession on post-succession firm performance differ. While the related outsiders affect negatively the firm performance, unrelated outsiders contribute positively to the post-succession profitability (ROA). These findings thus contribute to the existing CEO succession literature by emphasizing the value of outsider CEOs¡¯ fresh perspectives, new and diverse skills and initiative for change
%K Genel M¨¹d¨¹r de£¿i£¿imleri
%K £¿irket d£¿£¿£¿ halefler
%K firma performans£¿
%K geli£¿en ¨¹lkeler
%U http://dergipark.org.tr/makuiibf/issue/41626/417482