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Information asymmetries in the hiring process and the risk of new leader dismissal : insights from English Premier League soccer organizations.
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Desai, M., Lockett, Andy and Paton, D. (2018) Information asymmetries in the hiring process and the risk of new leader dismissal : insights from English Premier League soccer organizations. British Journal of Management, 29 (1). pp. 26-42. doi:10.1111/1467-8551.12210 ISSN 1045-3172.
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Official URL: http://doi.org/10.1111/1467-8551.12210
Abstract
Why are some new leaders dismissed quicker than others? Adopting agency theory logic we examine how different succession contexts shape boards’ information asymmetries about a potential candidate’s competencies in the hiring process, which influences the propensity of making poor hiring decisions and hence the risk of new leader dismissal. Employing duration analysis on a sample of 164 newly appointed leaders in the English premier league (1996 –2014), we find that the risk of new leader dismissal is: (i) greater when the predecessor leader’s exit was initiated by them rather than by the board; (ii) greater when following a longer tenured predecessor; and (iii) lower for outside successions as compared to inside successions.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Library of Congress Subject Headings (LCSH): | Soccer managers -- Selection and appointment, Soccer managers -- Dismissal of, Executive succession, Information asymmetry, Agent (Philosophy) | ||||||||
Journal or Publication Title: | British Journal of Management | ||||||||
Publisher: | Wiley-Blackwell Publishing Ltd. | ||||||||
ISSN: | 1045-3172 | ||||||||
Official Date: | January 2018 | ||||||||
Dates: |
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Volume: | 29 | ||||||||
Number: | 1 | ||||||||
Page Range: | pp. 26-42 | ||||||||
DOI: | 10.1111/1467-8551.12210 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 17 November 2016 | ||||||||
Date of first compliant Open Access: | 5 January 2019 |
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