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Article: CEO SUCCESSION, HONING, AND ENTERPRISING: A PROMISING WAY TO ACHIEVE SMALL BUSINESS PERFORMANCE?
- Article from:
- Journal of Developmental Entrepreneurship
- Article date:
- June 1, 2008
- Author:
CopyrightCopyright Norfolk State University Foundation Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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This study examines CEO succession in small firms and the impact of CEO honing and enterprising competence on firm performance within a contingency framework. In a study of 162 small firms, we hypothesize that a newly appointed CEO will bring entrepreneurship to its small firms, but the results do not support this. Instead, the results indicate that a new CEO tends to introduce honing in the firm. Only CEO market enterprising had a direct relation to better performance. However, we find several instances of moderation effects attributable to strategic competence, environmental uncertainty, and the nature of tasks in the company.
Keywords: CEO succession; honing; enterprising; contingency; ...