The impact of CEO succession on top management teams and the degree of firm internationalisation
by Wen-Ting Lin, Yunshi Liu
European J. of International Management (EJIM), Vol. 5, No. 3, 2011

Abstract: In this paper, we used CEO succession events to explore the effects of the post-succession Top Management Team (TMT) structural changes on a firm's change in its degree of internationalisation. In addition, we examined the moderating effects of the industrial environment on the relationship between post-succession TMT changes and a firm's change in its degree of internationalisation. We tested hypotheses by using 2000–2005 data from 185 succession observations from listed companies in Taiwan as a research sample. The results show that a firm will opt for higher levels of change in its international scale degree when there is a high degree of structural change that occurs in its post-succession TMT. Moreover, the impact of post-succession TMT changes to a firm's degree of international scale increases significantly when the firm faces a munificent or complex industry environment.

Online publication date: Sun, 11-Jan-2015

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