{"id":"https://openalex.org/W4307071636","doi":"https://doi.org/10.1155/2022/1014224","title":"Experienced CEO and Factor Productivity Improvement: Re\u2010Examination of Experience Trap","display_name":"Experienced CEO and Factor Productivity Improvement: Re\u2010Examination of Experience Trap","publication_year":2022,"publication_date":"2022-01-01","ids":{"openalex":"https://openalex.org/W4307071636","doi":"https://doi.org/10.1155/2022/1014224"},"language":"en","primary_location":{"id":"doi:10.1155/2022/1014224","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/1014224","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/1014224.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/complexity/2022/1014224.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024753110","display_name":"Chengpeng Zhu","orcid":"https://orcid.org/0000-0001-7423-5644"},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Chengpeng Zhu","raw_affiliation_strings":["School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013"],"raw_orcid":"https://orcid.org/0000-0001-7423-5644","affiliations":[{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013","institution_ids":["https://openalex.org/I115592961"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5055965875","display_name":"Mengyun Wu","orcid":"https://orcid.org/0000-0003-1205-3129"},"institutions":[{"id":"https://openalex.org/I115592961","display_name":"Jiangsu University","ror":"https://ror.org/03jc41j30","country_code":"CN","type":"education","lineage":["https://openalex.org/I115592961"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Mengyun Wu","raw_affiliation_strings":["School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","School of Finance and Economics, Jiangsu University, Zhenjiang 212013"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China","institution_ids":["https://openalex.org/I115592961"]},{"raw_affiliation_string":"School of Finance and Economics, Jiangsu University, Zhenjiang 212013","institution_ids":["https://openalex.org/I115592961"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5034974660","display_name":"Jie Xiong","orcid":"https://orcid.org/0000-0002-7126-0884"},"institutions":[{"id":"https://openalex.org/I91720666","display_name":"ESSCA School of Management","ror":"https://ror.org/04kkyet53","country_code":"FR","type":"education","lineage":["https://openalex.org/I91720666"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Jie Xiong","raw_affiliation_strings":["Department of Strategy, Entrepreneurship & International Business, ESSCA School of Management, Angers, France","Department of Strategy, Entrepreneurship & International Business, ESSCA School of Management, Angers"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Strategy, Entrepreneurship & International Business, ESSCA School of Management, Angers, France","institution_ids":["https://openalex.org/I91720666"]},{"raw_affiliation_string":"Department of Strategy, Entrepreneurship & International Business, ESSCA School of Management, Angers","institution_ids":["https://openalex.org/I91720666"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5024753110"],"corresponding_institution_ids":["https://openalex.org/I115592961"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":0.5716,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.70965529,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"2022","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.9980999827384949,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9944000244140625,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"Total factor productivity","score":0.8335030674934387},{"id":"https://openalex.org/keywords/propensity-score-matching","display_name":"Propensity score matching","score":0.7093733549118042},{"id":"https://openalex.org/keywords/ecological-succession","display_name":"Ecological succession","score":0.6579474210739136},{"id":"https://openalex.org/keywords/productivity","display_name":"Productivity","score":0.6522881388664246},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.455707848072052},{"id":"https://openalex.org/keywords/matching","display_name":"Matching (statistics)","score":0.422658234834671},{"id":"https://openalex.org/keywords/demographic-economics","display_name":"Demographic economics","score":0.4080049395561218},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.32726335525512695},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.11231860518455505},{"id":"https://openalex.org/keywords/economic-growth","display_name":"Economic growth","score":0.11013942956924438},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.06056627631187439}],"concepts":[{"id":"https://openalex.org/C120009192","wikidata":"https://www.wikidata.org/wiki/Q1936153","display_name":"Total factor productivity","level":3,"score":0.8335030674934387},{"id":"https://openalex.org/C17923572","wikidata":"https://www.wikidata.org/wiki/Q7250160","display_name":"Propensity score matching","level":2,"score":0.7093733549118042},{"id":"https://openalex.org/C150117547","wikidata":"https://www.wikidata.org/wiki/Q188230","display_name":"Ecological succession","level":2,"score":0.6579474210739136},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6522881388664246},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.455707848072052},{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.422658234834671},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.4080049395561218},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32726335525512695},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.11231860518455505},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.11013942956924438},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.06056627631187439},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2022/1014224","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/1014224","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/1014224.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:1014224","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2022/1014224.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:6e93f1bcecd14e518b737fdb4a4229c9","is_oa":true,"landing_page_url":"https://doaj.org/article/6e93f1bcecd14e518b737fdb4a4229c9","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2022 (2022)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2022/1014224","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/1014224","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/1014224.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.5600000023841858,"display_name":"Decent work and economic growth"}],"awards":[{"id":"https://openalex.org/G7637225456","display_name":"\u7ec4\u7ec7\u5d4c\u5165\u89c6\u89d2\u4e0b\u5bb6\u65cf\u4f01\u4e1a\u5dee\u5e8f\u5f0f\u9886\u5bfc\u3001\u5458\u5de5\u4e89\u5ba0\u884c\u4e3a\u53ca\u7ec4\u7ec7\u521b\u65b0\u7ee9\u6548\u7814\u7a76","funder_award_id":"72072076","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320321605","display_name":"Government of Jiangsu Province","ror":"https://ror.org/004svx814"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4307071636.pdf","grobid_xml":"https://content.openalex.org/works/W4307071636.grobid-xml"},"referenced_works_count":50,"referenced_works":["https://openalex.org/W259259838","https://openalex.org/W266848492","https://openalex.org/W1508971611","https://openalex.org/W1677595927","https://openalex.org/W1927489124","https://openalex.org/W1968661771","https://openalex.org/W1979921136","https://openalex.org/W1983989769","https://openalex.org/W1987478502","https://openalex.org/W1989864366","https://openalex.org/W1994484127","https://openalex.org/W1997002128","https://openalex.org/W2001715844","https://openalex.org/W2018514036","https://openalex.org/W2032937464","https://openalex.org/W2033394492","https://openalex.org/W2038685992","https://openalex.org/W2061967338","https://openalex.org/W2065287191","https://openalex.org/W2066735350","https://openalex.org/W2070028189","https://openalex.org/W2076608276","https://openalex.org/W2123425941","https://openalex.org/W2123709218","https://openalex.org/W2123892800","https://openalex.org/W2126186544","https://openalex.org/W2131057937","https://openalex.org/W2144485574","https://openalex.org/W2150291618","https://openalex.org/W2171227005","https://openalex.org/W2753335427","https://openalex.org/W2950485984","https://openalex.org/W2954686104","https://openalex.org/W2963786041","https://openalex.org/W2966577552","https://openalex.org/W2994462054","https://openalex.org/W3009286765","https://openalex.org/W3019079672","https://openalex.org/W3122525982","https://openalex.org/W3122602955","https://openalex.org/W3122968539","https://openalex.org/W3123379813","https://openalex.org/W3123504188","https://openalex.org/W3124536214","https://openalex.org/W3124663310","https://openalex.org/W3167021335","https://openalex.org/W4206204564","https://openalex.org/W4229895548","https://openalex.org/W4250805651","https://openalex.org/W6771061010"],"related_works":["https://openalex.org/W2026576563","https://openalex.org/W1984974371","https://openalex.org/W3196761963","https://openalex.org/W2375328343","https://openalex.org/W1881439788","https://openalex.org/W3148446407","https://openalex.org/W2026973937","https://openalex.org/W4385728385","https://openalex.org/W2165946404","https://openalex.org/W2036193982"],"abstract_inverted_index":{"We":[0,20],"examine":[1],"the":[2,8,15,22,41,49,75,104],"role":[3],"of":[4,17,51,77,107,118],"experienced":[5,37,61,80,108],"CEO":[6,9,38,62,81,109],"in":[7,28,56,63,87],"succession":[10,39,64,82,110],"and":[11],"their":[12],"contributions":[13],"to":[14,32,34],"performance":[16],"focal":[18,119],"firms.":[19,93],"utilize":[21],"propensity":[23],"score":[24],"matching":[25],"with":[26,91],"difference":[27],"differences":[29],"(PSM\u2010DID)":[30],"model":[31],"evaluate":[33],"what":[35],"extent":[36],"affects":[40],"total":[42],"factor":[43],"productivity":[44],"(TFP)":[45],"growth.":[46],"Based":[47],"on":[48,73,111],"analysis":[50,70],"1,675":[52],"listed":[53],"manufacturing":[54],"companies":[55],"China,":[57],"results":[58],"show":[59],"that":[60],"significantly":[65],"improves":[66],"firms\u2019":[67],"TFP.":[68],"Our":[69],"demonstrates":[71],"that,":[72],"average,":[74],"event":[76],"hiring":[78],"an":[79],"yields":[83],"a":[84],"3.1%":[85],"increase":[86],"TFP":[88,112],"improvement":[89],"compared":[90],"nonsuccession":[92],"This":[94],"positive":[95],"effect":[96,106],"can":[97],"be":[98],"continued":[99],"for":[100],"three":[101],"years.":[102],"Furthermore,":[103],"heterogeneous":[105],"is":[113],"shown":[114],"between":[115],"different":[116],"categories":[117],"firms":[120],"(i.e.,":[121],"high\u2010tech":[122],"versus":[123],"low\u2010tech":[124],"enterprises).":[125]},"counts_by_year":[{"year":2024,"cited_by_count":2}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}