Frequent CEO Turnover and Firm Performance: The Resilience Effect of Workforce Diversity

• Published in: Journal of business ethics Vol. 173; no. 1; pp. 185 - 203
• Main Authors: Kim, Youngsang, Jeong, Sophia Soyoung, Yiu, Daphne W., Moon, Jinhee
• Format: Journal Article
• Language: English
• Published: Dordrecht Springer 01.09.2021; Springer Netherlands; Springer Nature B.V
• Subjects: Business and Management; Business Ethics; Chief executive officers; Companies; Education; Ethics; Gender; Management; Organizational environment; Organizational performance; Original Paper; Philosophy; Quality of Life Research; Resilience; Social integration; Succession; Uncertainty; Workforce; Workplace diversity; Firm performance; CEO succession; CEO turnover; Diversity; Resilience

CEO turnover (or succession) is a critical event in an organization that influences organizational processes and performance. The objective of this study is to investigate whether workforce diversity (i.e., age, gender, and education-level diversity) might have a resilience effect on firm performanc...