Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations
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 an...
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| Format: | Article |
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Wiley
2018
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| Online Access: | https://eprints.nottingham.ac.uk/39090/ |
| _version_ | 1848795761236508672 |
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| author | Desai, Malay N. Lockett, Andrew Paton, David |
| author_facet | Desai, Malay N. Lockett, Andrew Paton, David |
| author_sort | Desai, Malay N. |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:37:13Z |
| format | Article |
| id | nottingham-39090 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:37:13Z |
| publishDate | 2018 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-390902020-05-04T19:27:03Z https://eprints.nottingham.ac.uk/39090/ Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations Desai, Malay N. Lockett, Andrew Paton, David 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. Wiley 2018-01-17 Article PeerReviewed Desai, Malay N., Lockett, Andrew and Paton, David (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. ISSN 1467-8551 New leader dismissal Leader succession Agency theory Asymmetric information New leader dismissal leader succession agency theory asymmetric information http://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12210/abstract doi:10.1111/1467-8551.12210 doi:10.1111/1467-8551.12210 |
| spellingShingle | New leader dismissal Leader succession Agency theory Asymmetric information New leader dismissal leader succession agency theory asymmetric information Desai, Malay N. Lockett, Andrew Paton, David Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title | Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title_full | Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title_fullStr | Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title_full_unstemmed | Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title_short | Information asymmetries in the hiring process and the risk of new leader dismissal: insights from English premier league soccer organizations |
| title_sort | information asymmetries in the hiring process and the risk of new leader dismissal: insights from english premier league soccer organizations |
| topic | New leader dismissal Leader succession Agency theory Asymmetric information New leader dismissal leader succession agency theory asymmetric information |
| url | https://eprints.nottingham.ac.uk/39090/ https://eprints.nottingham.ac.uk/39090/ https://eprints.nottingham.ac.uk/39090/ |