Drawn upon upper echelon theory and organizational theory, this research proposes to examine the impact of CEO turnover in IT firms on firm performance in terms of both sustainable accounting performance and market performance. We find that CEO turnover is a significant determinant of firm performance, especially in IT firms. This paper contributes to the IS literature by investigating the CEO turnover impact in IT firms compared to other industries. This study also has practical implications by providing the guideline for IT firms on the CEO turnover policy. Such firms should place additional emphasis on their succession planning efforts.
Zhang, Peiqin; Wierschem, David; Mendez Mediavilla, Francis A.; and Hong, Keejae P.
"An Empirical Investigation on CEO Turnover in IT Firms and Firm Performance,"
Journal of International Technology and Information Management: Vol. 25
, Article 5.
Available at: http://scholarworks.lib.csusb.edu/jitim/vol25/iss2/5
Business Intelligence Commons, Communication Technology and New Media Commons, Computer and Systems Architecture Commons, Data Storage Systems Commons, Digital Communications and Networking Commons, E-Commerce Commons, Information Literacy Commons, Management Information Systems Commons, Management Sciences and Quantitative Methods Commons, Operational Research Commons, Science and Technology Studies Commons, Social Media Commons, Technology and Innovation Commons