Top management turnover following acquisitions : An empirical analysis of the relationship between executive departure and pre- as well as post-acquisition performance in German companies

This paper analyzes the relationship between top management turnover in acquired companies and pre- as well as post-acquisition performance. Based on corporate control theory and human capital theory hypotheses regarding this relationship are derived and empirically tested using a sample of 42 German companies which were acquired between 1996 and 2000 ...

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Year of publication:	2004
Authors:	Hungenberg, Harald ; Wulf, Torsten ; Stein, Philipp
Institutions:	Betriebswirtschaftliches Institut <Nürnberg> / Lehrstuhl für Allgemeine Betriebswirtschaftslehre, insbesondere Unternehmensführung
Subject:	Management \| Unternehmenskauf \| Führung \| leadership \| Akquisition \| Topmanagement

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1. Introduction
2. Theoretical perspectives
2.1 Corporate Control Theory
2.2 Human capital theory
3. Research design
3.1 Description of the sample
3.2 Operationalization of variables
4. Results
4.1 Descriptive analysis of the sample
4.2 Analysis of dependencies
5. Discussion and interpretation
6. Implications for research and practice
References

Persistent link: https://www.econbiz.de/10005848290