Abstract:Taking the data in Chinas Listed companies from 2007 to 2012 as a sample, with the relationship between the CEO succession origin and the selection preference of board as the starting point, this paper studies whether the board of directors has the selection preference of CEO succession origin from the perspectives of decision-making fuzziness, cognitive style and learning theory. The study finds that when making decisions about selecting a new CEO, the board of directors would consider the former CEO’s succession origin. Specifically, if the former CEO is an internal successor, the new CEO is more likely to come from internal of the company; if the former CEO is an external successor, the new CEO is more likely to come from external of the company. In addition, the paper, in the further validation of the influence of the board and CEO levels on the selection preferences of CEO successor origin, finds that in these cases(that is in the of board of directors with larger scale and the higher proportion of independent directors, the longer tenure of former CEO, the more likely of the new CEO succession origin), there is bigger possibility of selection preferences.