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Paradigm of Turnover in the Dual Paths of CEOs Career:Liability of Newness,Oldness an Honeymoon

Zhaojun Gao(Peking University;Strategy Department.)

  This study develops a paradigm of CEOs turnover in which both the influences of origin and succession types to the likelihood of dismissa are incorporated.By applying theRed Queenknown in evolutionary theory into CEOs research,our study highlights the internal competition within top management teams.Drawing on the unique culture background of China known as the internecine struggle,we propose that inside CEOs both as the original and follower types increase the likelihood of dismissals.The finding of dual paths of CEOscareer facilitates our analysis.We also examine the liability of newness and oldness in CEOscareer.Our study provides evidence for the existence of the honeymoon between CEOs and boards.……   
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