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Who matters more? The impact of functional background and top executive mobility on firm survival

机译:谁更重要?职能背景和高层管理人员流动对公司生存的影响

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Do some top executives matter more than others? Integrating insights from upper echelons and executive mobility research, we suggest that the functional roles performed by top executives shape their value to the firm. We examine the effects of interfirm executive mobility on firm survival for New York City advertising firms from 1924 to 1996. We find that, while losing any top executive is damaging, the loss of a top executive whose functional role focuses on internal firm processes is more detrimental to firm survival than losing a top executive whose functional role focuses on managing external exchange relationships. Additionally, in situations when multiple executives leave simultaneously, firms are more negatively affected when the group departing is functionally heterogeneous. Copyright (c) 2014 John Wiley & Sons, Ltd.
机译:某些高管比其他人重要吗?结合高层人员和高管人员流动性研究的见解,我们建议高管人员发挥的职能作用影响着公司的价值。我们研究了公司间高管人员流动对纽约市广告公司从1924年至1996年的公司生存的影响。我们发现,失去任何高管人员会造成损害,而失去以公司内部流程为核心职能的高管人员则更多这比失去一位高管人员(其职能角色专注于管理外部交易关系)对企业生存有害。此外,在多个高管同时离职的情况下,如果离职的团队在职能上是异质的,则对公司的负面影响更大。版权所有(c)2014 John Wiley&Sons,Ltd.

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