%0 Journal Article
%T The career
%A Chittima Silberzahn
%A Jean-Luc Arregle
%J Strategic Organization
%@ 1741-315X
%D 2019
%R 10.1177/1476127018789594
%X In this study, we apply organizational identification theory to enrich our knowledge of the career-horizon problem when CEOs are approaching retirement. The extant literature suggests that the closer a CEO is to retirement, the more likely she or he is to avoid long-term firm investments. Focusing on capital investments, we argue that the distinctive organizational identification with the firm of lone-founder CEOs and long-tenure acquirer CEOs can moderate the likelihood that the closer a CEO is to retirement, the more likely she or he is to avoid capital investments. We test and validate our hypotheses on a sample of CEOs in S&P 1500 non-financial firms between 1999 and 2010. This article contributes to the literature on CEO career horizons by providing a new and more fine-grained perspective on the important question of how different types of CEOs consider capital investments and the future of their firms as they approach retirement
%K acquirer
%K capital investments
%K career horizon
%K CEO
%K final career stage
%K founder
%U https://journals.sagepub.com/doi/full/10.1177/1476127018789594