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AbstractManuscript TypeEmpiricalResearch Question/IssueThis paper seeks to understand the way in which CEO succession planning affects firm performance and volatility during CEO turnover. Specifically, the paper examines a succession type referred to as relay succession, in which the incoming CEO has been groomed as an heir apparent before the turnover.Research Findings/InsightsHeirs apparent are identified by comparing all of a firm's non‐CEO top executives' promotion likelihood estimated based on a set of characteristics. Applying this heir apparent measure to a large sample of CEO turnovers from ExecuComp, the paper delivers robust evidence that firms with relay successions achieve higher post‐turnover accounting performance, higher long‐term stock returns, and lower volatility. Further, the positive effect of relay succession on performance is stronger for firms with higher human capital requirements.Theoretical/Academic ImplicationsThe paper provides comprehensive evidence of the important role of relay succession in smoothing CEO transitions. It also sheds new light on previous research on outside successions by showing that the difference between inside and outside successions is explained largely by the length of relay.Practitioner/Policy ImplicationsThe paper suggests that firms should consider using relay succession to improve performance and reduce volatility during the CEO transition period. The paper's findings also support the US Securities and Exchange Commission's recent appeal for more firm disclosure on its succession planning.

Existing research on the relationship between organizations and social movements typically focuses on organizations' internal structure and explains the emergence and outcome of movements in separate frameworks. The literature also highlights a lack of organizational basis for collective action in non-democratic regimes. To bridge these gaps, the present study examines the distinct roles played by different organizations (embedded in distinct external structures reflecting state-society relations) in different stages of collective action (occurrence and success) in rural China. Using both quantitative and qualitative data, we study two types of organizations—first, informal lineage groups and second, semi-autonomous civic associations, exemplified by seniors associations. The results demonstrate that lineage groups serve as important mobilizing structures for collective resistance, but face limited success given their informal status and weak vertical linkages with the state. By contrast, seniors associations, which maintain close relations with authorities while conserving a high degree of autonomy, act as a genuine intermediary between government and aggrieved citizens, thus largely suppressing the occurrence of collective resistance. When collective action emerges, however, the associations can build on their legitimacy and vertical linkages to facilitate effective action. The findings provide a more nuanced understanding of the dynamics of contention in a non-democratic setting and the disparate roles different social organizations play in the process.

China is experiencing an unprecedented urban revolution, with massive rural-to-urban migration. Owing to the discriminatory hukou system, millions of migrants are excluded from accessing subsidized housing and suffer severe housing poverty. How to provide decent and affordable housing to migrants is an unprecedented challenge in China. In this paper we aim to scrutinize the current migrant housing provision system and migrants' housing conditions, and provide policy recommendations for a theoretically informed and empirically grounded migrant housing provision system. On the basis of both a conceptual analysis of migrant housing provision during rapid urbanization and an empirical study of migrant housing provision in China, we argue for a government-led multiagent migrant housing provision system with the government, employers, and the formal and informal housing markets together providing a diverse stock of migrant housing. Related reforms in the land system and public finance system are recommended to ensure the sustainability of the migrant housing provision system.