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Working paper

Мобильность топ-менеджеров: инсайдеры или аутсайдеры

The paper is devoted to analyses of top-managers’ internal and external succession in the Russian Federation. The original data on top-managers’ mobility during 1999–2007 is used. A share of internal appointments’ decreases from 61% (1999) to 37% (2007). The likelihood that an executive from inside the firm is appointed top-manager is higher for industrial firms, for technical directors and for women. Financial and insurance companies and banks prefer to hire outsiders for top-managers’ position. HR director also has a higher probability of external promotion.