Abstract
Reports an error in "The Role of Facial Appearance on CEO Selection After Firm Misconduct" by David Gomulya, Elaine M. Wong, Margaret E. Ormiston and Warren Boeker (Journal of Applied Psychology, Advanced Online Publication, Dec 19, 2016, np). The wrong figure files were used. All versions of this article have been corrected. (The following abstract of the original article appeared in record 2016-60831-001.) We investigate a particular aspect of CEO successor trustworthiness that may be critically important after a firm has engaged in financial misconduct. Specifically, drawing on prior research that suggests that facial appearance is one critical way in which trustworthiness is signaled, we argue that leaders who convey integrity, a component of trustworthiness, will be more likely to be selected as successors after financial restatement. We predict that such appointments garner more positive reactions by external observers such as investment analysts and the media because these CEOs are perceived as having greater integrity. In an archival study of firms that have announced financial restatements, we find support for our predictions. These findings have implications for research on CEO succession, leadership selection, facial appearance, and firm misconduct. (PsycINFO Database Record
Published Version
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