Founder-CEO Succession and the Paradox of Entrepreneurial Success
Published Online:1 Apr 2003https://doi.org/10.1287/orsc.14.2.149.14995
References
- Managerial succession and organizational performance: A recalcitrant problem revisited. Admin. Sci. Quart. (1979) 24:167–180Crossref, Google Scholar
- Event History Analysis: Regression for Longitudinal Event Data (1984) (Sage Publications, Newbury Park, CA) Crossref, Google Scholar
- , Blossfeld H.-P., Rohwer G. Discrete-time methods for the analysis of event histories. Techniques of Event History Modeling: New Approaches to Causal Analysis (1995) (Lawrence Erlbaum Associates, Mahwah, NJ) Google Scholar
- Measuring executive compensation: Methods and an application. J. Accounting Res. (1985) 23:296–325Crossref, Google Scholar
- The Functions of the Executive (1938) (Harvard University Press, Cambridge, MA) Google Scholar
- A year to remember and forget. Red Herring (2000) December 29Google Scholar
- Human Capital: A Theoretical and Empirical Analysis (1964) (Columbia University Press, New York) Google Scholar
- The Modern Corporation and Public Property (1932) (Macmillan, New York) Google Scholar
- Techniques of Event History Modeling: New Approaches to Causal Analysis (1995) (Lawrence Erlbaum Assoc., Mahwah, NJ) Google Scholar
- Power and managerial dismissal: Scapegoating at the top. Admin. Sci. Quart. (1992) 37:400–421Crossref, Google Scholar
- The routinization of charisma: Employment systems, succession, and firm survival. (2000) . Working paper, Harvard Business School, Harvard University, Cambridge, MAGoogle Scholar
- Syndicated investments by venture capital firms: A networking perspective. J. Bus. Venturing (1987) 2Crossref, Google Scholar
- Succession as a sociopolitical process. Acad. Management J. (1993) 36:763–793Crossref, Google Scholar
- Differentiating entrepreneurs from small business owners: A conceptualization. Acad. Management Rev. (1984) 9:354–359Crossref, Google Scholar
- Dynamics of publisher succession in newspaper organizations. Admin. Sci. Quart. (1984) 29:93–113Crossref, Google Scholar
- The career dynamics of self employment. Admin. Sci. Quart. (1987) 32:570–589Crossref, Google Scholar
- Organizational structure environment and performance: The role of strategic choice. Sociology (1972) 6:1–22Crossref, Google Scholar
- A new venture's honeymoon period: Knowledge, resources, and real options reasoning. Proc. Acad. Management (2000) Crossref, Google Scholar
- Right From the Start: Taking Charge in a New Leadership Role (1999) (Harvard Business School Press, Boston, MA) Google Scholar
- Regression models and life tables. J. Royal Statist. Soc. (1972) 34:187–202Series BGoogle Scholar
- Inside/outside succession and organizational size: The pragmatics of executive succession. Acad. Management J. (1983) 26:736–742Crossref, Google Scholar
- Organizational performance as an antecedent of inside/outside chief executive succession: An empirical assessment. Acad. Management J. (1984) 28:749–762Crossref, Google Scholar
- Hypercompetition (1994) (Free Press, New York) Google Scholar
- Performance changes following top management dismissals. J. Finance (1995) 50:1029–1057Crossref, Google Scholar
- Organizational roles and transitions to entrepreneurship. (1999) Google Scholar
- The Practice of Management (1954) (Harper & Row, New York) Google Scholar
- Cultural Change in Family Firms: Anticipating and Managing Business and Family Transitions (1986) (Jossey-Bass, San Francisco, CA) Google Scholar
- Making fast strategic decisions in high-velocity environments. Acad. Management J. (1989) 32(3):543–576Crossref, Google Scholar
- Complementary theoretical perspectives on the dismissal of new venture team members. J. Bus. Venturing (1997) 12:347–366Crossref, Google Scholar
- Power in top management teams: Dimensions measurement, and validation. Acad. Management J. (1992) 35:505–538Crossref, Google Scholar
- Chief executive compensation: A study of the intersection of markets and political processes. Strategic Management J. (1989) 10:121–134Crossref, Google Scholar
- A model of CEO dismissal. Acad. Management Rev. (1988) 13(2):255–270Crossref, Google Scholar
- CEO succession and stockholder reaction: The influence of organizational context and event content. Acad. Management J. (1989) 32:718–744Crossref, Google Scholar
- Causes, consequences, and shareholder wealth effects of management turnover: A review of the empirical evidence. Financial Management (1990) 19(2):60–75Crossref, Google Scholar
- Scapegoating in baseball. Amer. J. Sociology (1964) 70:69–72Crossref, Google Scholar
- The Discovery of Grounded Theory: Strategies for Qualitative Research (1999) (Aldine de Gruyter, New York) Google Scholar
- Optimal investment, monitoring, and the staging of venture capital. J. Finance (1995) 50:1461–1489Crossref, Google Scholar
- The Venture Capital Cycle (1999) (MIT Press, Boston, MA) Google Scholar
- The Money of Invention (2001) (Harvard Business School Press, Boston, MA) Google Scholar
- The effects of board size and diversity on strategic change. Strategic Management J. (1994) 15:241–250Crossref, Google Scholar
- Critical factors in leadership succession. Organ. Behavior and Human Performance (1981) 27:227–254Crossref, Google Scholar
- Stata FAQ: How do I estimate a Cox model with a continuously time-varying parameter? (1999) . www.stata.comGoogle Scholar
- Patterns of Industrial Bureaucracy (1954) (The Free Press, Glencoe, IL) Google Scholar
- Small is bountiful: Labor markets and establishment size. Amer. Sociological Rev. (1984) 49:323–334Crossref, Google Scholar
- Evolution and revolution as organizations grow. Harvard Bus. Rev. (1972) 50(4):37–46Google Scholar
- Corporate size bureaucratization, and managerial succession. Amer. J. Sociology (1961) 67:263–269Crossref, Google Scholar
- Managerial succession and organizational effectiveness. Amer. J. Sociology (1963) 69:21–31Crossref, Google Scholar
- Succession with an ally. Admin. Sci. Quart. (1969) 14:155–170Crossref, Google Scholar
- Upper echelon: The organization as a reflection of its top managers. Acad. Management Rev. (1984) 9:193–206Crossref, Google Scholar
- Succession in family firms: A mutual role adjustment between entrepreneur and next-generation family members. Entrepreneurship Theory and Practice (1990) Fall):37–51Google Scholar
- Succession in family firms: The problem of resistance. Family Bus. Rev. (1988) 1(4):361–381Crossref, Google Scholar
- Organizational Ecology (1989) (Harvard University Press, Boston, MA) Crossref, Google Scholar
- Ghosts of managers past: Managerial succession and organizational mortality. Acad. Management J. (1993) 36(4):864–881Crossref, Google Scholar
- Executive succession in the corporate organization: A current integration. Acad. Management Rev. (1977) 2):286–294Crossref, Google Scholar
- A strategic contingencies theory of intraorganizational power. Admin. Sci. Quart. (1971) 16:216–229Crossref, Google Scholar
- The transition to professional management: Mission impossible? Amer. J. Small Bus. (1984) 9(1):1–11Crossref, Google Scholar
- Some causes and effects of executive succession: An ecological perspective. Academy of Management Meeting (1985) San Diego, CAPresented at theGoogle Scholar
- The takeover controversy: Analysis and evidence. Corporate Finance J. (1986) 4(2):6–32Google Scholar
- Theory of the firm: Managerial behavior, agency costs and ownership structure. J. Financial Econom. (1976) 3:305–360Crossref, Google Scholar
- Men and Women of the Corporation (1977) (Basic Books, New York) Google Scholar
- Executive succession: Past, present, and future. J. Management (1994) 20(2):327–372Google Scholar
- The effects of CEO turnover in large industrial corporations: A study of the Fortune 200 from 1978-1993. (1999) . Working paper, Harvard Business School, Harvard University, Cambridge, MAGoogle Scholar
- Management succession and administrative style. Psychiatry (1967) 30:237–248Google Scholar
- The succession conspiracy. Family Bus. Rev. (1988) 1(2):245–255Google Scholar
- Organization and Environment (1967) (Harvard Business School Press, Boston, MA) Google Scholar
- Conflicts that plague family businesses. Harvard Bus. Rev. (1971) 49(2):90–98Google Scholar
- The robust inference for the Cox proportional hazards model. J. Amer. Statist. Association (1989) 84:1074–1078Crossref, Google Scholar
- Pawns or Potentates: The Reality of America's Boards (1989) (Harvard Business School Press, Boston, MA) Google Scholar
- Directors: Myth and Reality (1971) (Division of Research, Cambridge, MA) Google Scholar
- The CEO, board of directors and executive compensation: Economic and psychological perspectives. Indust. and Corporate Change (1995) 4(2):293–332Crossref, Google Scholar
- Exploration and exploitation in organizational learning. Organ. Sci. (1991) 2:71–87Link, Google Scholar
- Top management succession in entrepreneurial firms: Cases from the computer industry. J. Management Case Stud. (1987) 3:70–79Google Scholar
- Managerial Control and Performance (1975) (Heath, Lexington, MA) Google Scholar
- The dynamics of management succession. Management Decision–U.K. (1978) 16:32–42Crossref, Google Scholar
- Institutionalized organizations: Formal structure as myth and ceremony. Amer. J. Sociology (1977) 83:340–363Crossref, Google Scholar
- Power In and Around Organizations (1983) (Prentice-Hall, Englewood Cliffs, NJ) Google Scholar
- Who controls whom? An examination of the relation between management and boards of directors in large corporations. Acad. Management Rev. (1983) 8:426–435Google Scholar
- Creating new business ventures: Network organization in market and corporate contexts (1988) (Massachusetts Institute of Technology, Boston, MA) . Unpublished Ph.D. dissertationGoogle Scholar
- Organizational commitment and psychological attachment: The effects of compliance, identification, and internalization on prosocial behavior. J. Appl. Psych. (1986) 71:492–499Crossref, Google Scholar
- Executive recruitment and the development of interfirm organizations. Admin. Sci. Quart. (1973) 18:449–461Crossref, Google Scholar
- The External Control of Organizations: A Resource Dependency Perspective (1978) (Harper and Row, New York) Google Scholar
- Competitive Strategy (1980) (Free Press, New York) Google Scholar
- Corporate performance and CEO turnover: The role of performance expectations. Admin. Sci. Quart. (1991) 36:1–19Crossref, Google Scholar
- The effect of executive succession on stockholder wealth. Admin. Sci. Quart. (1985) 30(1):46–60Crossref, Google Scholar
- Angel Investing: Matching Startup Funds with Startup Companies (2000) (Jossey-Bass, San Francisco, CA) Google Scholar
- Replacing the founder: Exploding the myth of the entrepreneur's disease. Bus. Horizons (1992) 35(6):53–57Crossref, Google Scholar
- The initial succession: A contingency model of founder tenure. Entrepreneurship Theory and Practice (1996) 21(2):21–35Crossref, Google Scholar
- The Entrepreneurial Venture (1999) (Harvard Business School Press, Boston, MA) Google Scholar
- Who gets power—and how they hold on to it: A strategic-contingency model of power. Organ. Dynam. (1977) 5:373–395Crossref, Google Scholar
- Effects of ownership and performance on executive tenure in corporations. Acad. Management J. (1980) 23:653–664Crossref, Google Scholar
- Organizational Culture and Leadership (1985) (Jossey-Bass Inc., San Francisco, CA) Google Scholar
- Partial residuals for the proportional hazards regression model. Biometrika (1982) 69:239–241Crossref, Google Scholar
- Heroes in collision: Chief executive retirement and the parade of future leaders. Human Resource Management (1986) 25:305–333Crossref, Google Scholar
- Management Succession: From the Owner-Founder to the Professional President (1980) (Praeger, New York) Google Scholar
- Organizations in Action (1967) (McGraw-Hill, New York) Google Scholar
- Dynamic analysis of event histories. Amer. J. Sociology (1979) 84:820–854Crossref, Google Scholar
- Executive Defense: Shareholder Power and Corporate Reorganization (1993) (Harvard University Press, Cambridge, MA) Google Scholar
- Does leadership matter? CEO leadership attributes and profitability under conditions of perceived environmental uncertainty. Acad. Management J. (2001) 44(1):134–143Crossref, Google Scholar
- Venture capital negotiations: VC versus entrepreneur. (1999) (Harvard Business School Note #800-170. Harvard University, Cambridge, MA) Google Scholar
- Inside the black box of entrepreneurial incentives. (2001) . Working paper, Harvard Business School, Harvard University, Cambridge, MAGoogle Scholar
- The venture capitalist as entrepreneur: Characteristics and dynamics within VC firms. (2002) (Harvard University, Boston, MA) . Unpublished Ph.D. thesisGoogle Scholar
- When does leadership matter? The contingent opportunities view of CEO leadership. (2001) . Working paper, Harvard Business School, Cambridge, MAGoogle Scholar
- From Max Weber: Essays in Sociology (1946) (Oxford University Press, New York) Google Scholar
- The Social Psychology of Organizing (1969) (Addison-Wesley, Reading, MA) Google Scholar
- Strategic consequences of executive succession within diversified firms. J. Management Stud. (1992) 29:73–94Crossref, Google Scholar
- Industrial Organization: Theory and Practice (1965) (Oxford University Press, New York) Google Scholar
- CEO selection, succession, compensation and firm performance: A theoretical integration and empirical analysis. Strategic Management J. (1990) 11:217–230Crossref, Google Scholar
- , Kets de Vries R.Power and the Corporate Mind (1975) (Houghton Mifflin, Boston, MA) Google Scholar

