This exploratory research utilized a nationwide survey to examine CEO dismissals by boards of directors on which venture capitalists serve. The findings demonstrate that it is a CEO's failure in strategic concerns, rather than operational ones, that typically lead to CEO dismissal. In addition, replacing a CEO typically has a strong positive effect on new venture performance. These performance gains are not significantly different if replacement CEOs are internal or external to the venture.
No takes yet. Share an insight, caveat, or question.
Bruton et al. (1997) studied this question.
Synapse has enriched 4 closely related papers on similar clinical questions. Consider them for comparative context: