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dc.contributor.advisorJohnson, Richard Alan, 1955-eng
dc.contributor.authorChiu, Shih-chi, 1975-eng
dc.date.issued2010eng
dc.date.submitted2010 Springeng
dc.descriptionTitle from PDF of title page (University of Missouri--Columbia, viewed on October 21, 2010).eng
dc.descriptionThe entire thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file; a non-technical public abstract appears in the public.pdf file.eng
dc.descriptionDissertation advisor: Dr. Richard A. Johnson.eng
dc.descriptionVita.eng
dc.descriptionIncludes bibliographical references.eng
dc.descriptionPh. D. University of Missouri--Columbia 2010.eng
dc.descriptionDissertations, Academic -- University of Missouri--Columbia -- Business administration.eng
dc.description.abstractThis dissertation examines three CEO succession scenarios-established CEOs, new outsider CEOs, and new insider CEOs-and their effect on the strategic actions of firms undergoing portfolio restructuring. I argue that restructuring strategies (i.e., the amount and type of businesses sold) are contingent upon the individual CEO's problem framing and risk bearing and that board independence moderates the relationship between the succession scenarios and a firm's restructuring strategies. My research shows that CEO succession events and the successor's origin have a significant impact on divestiture intensity and strategy change and that board independence, measured as the ratio and equity ownership of independent outside board members, moderates a CEO's decisions regarding types of businesses sold but does not influence divestiture intensity. This research demonstrates that succession consequences on organizations are affected by a CEO's problem framing and risk perception and that corporate boards do not always promote executive risk taking; rather, some forms of risk taking would be discouraged by a more independent board.eng
dc.format.extentviii, 101 pageseng
dc.identifier.merlinb82392559eng
dc.identifier.merlinb82392559eng
dc.identifier.oclc727366103eng
dc.identifier.urihttps://hdl.handle.net/10355/10790
dc.identifier.urihttps://doi.org/10.32469/10355/10790eng
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. Graduate School. Theses and Dissertations. Dissertations. 2010 Dissertationseng
dc.subject.lcshExecutive successioneng
dc.subject.lcshChief executive officerseng
dc.subject.lcshCorporate reorganizationseng
dc.subject.lcshCorporate governanceeng
dc.titleThe effects of CEO succession on corporate restructuring and strategy changeeng
dc.typeThesiseng
thesis.degree.disciplineBusiness administration (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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