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CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change
Mini Dissertation (MPhil (Corporate Strategy))--University of Pretoria, 2025.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2026
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| _version_ | 1867613589560360960 |
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| access_status_str | Open Access |
| author2 | Lew, Charlene |
| author_browse | Lew, Charlene |
| author_facet | Lew, Charlene |
| collection | Thesis |
| dc_rights_str_mv | © 2025 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MPhil (Corporate Strategy))--University of Pretoria, 2025. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/109187 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:38:33.011Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2026 |
| publishDateRange | 2026 |
| publishDateSort | 2026 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/109187 CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change Lew, Charlene ichelp@gibs.co.za Chelenyane, Irwin UCTD CEO succession Strategic change CEO dismissal Environmental Dynamism Environmental munificence Mini Dissertation (MPhil (Corporate Strategy))--University of Pretoria, 2025. Chief Executive Officer (CEO) succession is the most critical decision boards face, as it influences the company's strategic direction. This study investigates how environmental munificence, environmental dynamism, and CEO dismissal influence the appointment of insiders versus outsiders, and how this choice moderates the relationship between environmental conditions and corporate governance dynamics in the post-succession strategic change period. A quantitative research design was employed to analyse 212 succession events that occurred between 2010 and 2022. Ending in 2022 allowed the inclusion of post-succession strategic change data. Probit regression was used to analyse the likelihood of an insider or an outsider to be chosen as successor. Ordinary least squares was used to test the moderating effect of succession type on the relationship between contextual factors and post-succession strategic change, using the Heckman two-step approach to correct for selection bias. The results indicate that outsiders are more likely to be appointed after a dismissal, while environmental munificence and dynamism did not affect the choice between insiders and outsiders. The results further did not find support that succession type moderates the effect on the post-succession strategic change. This study extends Upper Echelons Theory to emerging markets, demonstrating how environmental munificence, environmental dynamism, and CEO dismissal shape CEO succession and its post-succession implications. Gordon Institute of Business Science (GIBS) MPhil (Corporate Strategy) Unrestricted Gordon Institute of Business Science (GIBS) SDG-16: Peace, justice and strong institutions 2026-03-23T09:37:54Z 2026-03-23T09:37:54Z 2026-05-05 2025 Mini Dissertation * A2025 http://hdl.handle.net/2263/109187 en © 2025 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD CEO succession Strategic change CEO dismissal Environmental Dynamism Environmental munificence CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title | CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title_full | CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title_fullStr | CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title_full_unstemmed | CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title_short | CEO succession in South Africa: the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| title_sort | ceo succession in south africa the influence of governance and environmental factors on insider vs outsider appointments and strategic change |
| topic | UCTD CEO succession Strategic change CEO dismissal Environmental Dynamism Environmental munificence |
| url | http://hdl.handle.net/2263/109187 |