Is Experience Work?

Inbar Gotlib Rivkin

ISBN 10: 6139871921 / ISBN 13: 9786139871926

Published by LAP LAMBERT Academic Publishing Mai 2020, 2020

About this Item

Neuware -This book examines the effect of a CEO's functional experience and social capital on firm performance. Knowledge that came from a CEO's functional experience is based on skills, expertise and activities that a CEO has attained. Knowledge that came from social capital is based on day-to-day interactions, is more up-to-date and relates to the business environment of the firm. These diverse knowledge and skills allow a CEO to address the threats and opportunities that the firm faces. Using the earlier and well-established experience categorization of Hambrick and Mason's Upper Echelon Theory (1984), output- and throughput- function experience, we examine the impact of a CEO's experience and diversity of ties across industries on the firm's ability to create and appropriate value and eventually to create competitive advantage. To this end, we collected data on CEOs, top management teams (TMTs) and the financial performance of Fortune 500 companies over a 10-year period (from 2003 to 2012). Our findings highlight the significant impact of a CEO's and TMT's functional experience and social capital on the firm's value creation and appropriation. 56 pp. Englisch.

Seller Inventory # 9786139871926

Bibliographic Details

• Title: Is Experience Work?
• Publisher: LAP LAMBERT Academic Publishing Mai 2020
• Publication Date: 2020
• Language: English
• ISBN 10: 6139871921
• ISBN 13: 9786139871926
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 4D millimeters 220 millimeters width by 150 millimeters height by 4 millimeters depth
• Weight: 102 grams

About this title

Synopsis

This book examines the effect of a CEO’s functional experience and social capital on firm performance. Knowledge that came from a CEO’s functional experience is based on skills, expertise and activities that a CEO has attained. Knowledge that came from social capital is based on day-to-day interactions, is more up-to-date and relates to the business environment of the firm. These diverse knowledge and skills allow a CEO to address the threats and opportunities that the firm faces. Using the earlier and well-established experience categorization of Hambrick and Mason’s Upper Echelon Theory (1984), output- and throughput- function experience, we examine the impact of a CEO’s experience and diversity of ties across industries on the firm’s ability to create and appropriate value and eventually to create competitive advantage. To this end, we collected data on CEOs, top management teams (TMTs) and the financial performance of Fortune 500 companies over a 10-year period (from 2003 to 2012). Our findings highlight the significant impact of a CEO’s and TMT’s functional experience and social capital on the firm’s value creation and appropriation.