Organization and Strategy Seminar（2019-03）

Topic: Lead You? Let Me Think! CEO Recruitment Following Financial Restatement

Speaker: David GOMULYA,Singapore Management University

Time: Thursday, 25 April, 13:30-15:00 pm

Location: Room 214, Guanghua Building 2

Abstract:

Firms seek to repair reputational damage due to financial misrepresentation by replacing their CEO. However, this assumes such firms have not only the intention but also the ability – an assumption yet to be empirically examined. We address this paucity by examining how tainted firm and its leaders affect its ability to recruit successor CEOs. Using matched sample, we find that while high-status of tainted firm increases the likelihood that high-status successor CEOs are recruited, high-status of outgoing CEOs decreases this likelihood, and board status has no effect. Our results highlight a key challenge. While stakeholders expect tainted firms to replace their CEOs, doing so may make it more challenging to recruit high-status successor CEOs better positioned to repair the damaged reputation.

Introduction:

David GOMULYA is a faculty member at the Lee Kong Chian School of Business (LKCSB) at Singapore Management University. He holds a PhD in Technology Entrepreneurship and Strategic Management from the Michael G. Foster School of Business at the University of Washington, Seattle. Prior to academia, he had worked for more than seven years across various functions in multiple industries. David has completed Chartered Financial Analyst (CFA) examinations. His research centers on strategy, entrepreneurship, and organizations. His research particularly focuses on the creation of opportunities through entrepreneurship, and the sustainability of such opportunities through corporate governance.

David has published in top-ranked journals such as Academy of Management Journal, Strategic Management Journal, Journal of Applied Psychology, and Academy of Management Best Paper Proceedings. His paper has won the McGraw-Hill/Irwin Distinguished Paper Award. David is also a recipient of 2016 Nanyang Business School Research Excellence Award and other awards and recognitions including University of Washington's President Top Scholar Award, Lee Kuan Yew Gold Medal, and Institute of Engineers Gold Medal. To date he has won various competitive grants including Singapore Ministry of Education Tier 1 grant. Throughout his academic life, he has also won 10 book prizes. He regularly reviews for and presents in top journals and conferences in his field. David teaches undergraduates as well as senior executives in MSc in Technopreneurship and Innovation Programme and MBA program.

//www.smu.edu.sg/faculty?filter[name]=David%20GOMULYA##region-page-top

Your participation is warmly welcomed!