The Circulation of Managerial Elites: Decline of Financial Ceos in Large U. S. Manufacturing Firms, 1981-1992 (Classic Reprint) - Hardcover
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Excerpt from The Circulation of Managerial Elites: Decline of Financial Ceos in Large U. S. Manufacturing Firms, 1981-1992
A secondary objective of this study is to examine whether the dominance of financial ceos has continued during the 19803 and early 19903. The decade of the 19803 was characterized by widespread changes in corporate governance, including increased takeovers (davis and Stout, corporate restructurings (u seem, and the decline of conglomerate forms of organization (davis, Diekenmann, and Tinsley, These changes were accompanied by ideological challenges to the finance conception of control and the view of the corporation as a portfolio of assets that could be managed through the use of economic and financial indicators. To explore whether and how these changes affected the underlying dominance of the finance conception of control, we will examine whether the financial function was able to maintain its dominance over the ceo position, and whether the underlying structural contingencies that favored financial executives in the past were still prevalent.
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The Circulation of Managerial Elites Decline of Financial Ceos in Large U S Manufacturing Firms, 19811992 Classic Reprint
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