Ethnic minority CEO turnover: Resource‐based and leadership categorization perspectives

We use the resource-based theory and leadership categorization to develop hypotheses about ethnic minority CEO turnover. Using survival analysis, we test find that, as a group, CEOs at US firms experience only half of risk turnover any time do nonethnic CEOs. However, is not spread evenly across subgroups. Asian Hispanic lower than Black share this reduced that consistent with CEOs, but it useful for explaining Some implications our findings are following: (1) In research, all minorities should be treated single homogenous (2) in practice, may increase social capital lengthen tenure.