RELATIVE STANDING - A FRAMEWORK FOR UNDERSTANDING DEPARTURES OF ACQUIRED EXECUTIVES

• 成果类型: Article
• 署名作者: HAMBRICK, DC; CANNELLA, AA
• 署名单位: Texas A&M University System; Texas A&M University College Station
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256757
• 发表日期: 1993
• 页码: 733-762
• 关键词: top management turnover; ORGANIZATIONAL OUTCOMES; MANAGERIAL DISCRETION; corporate takeovers; tender offers; acquisitions; mergers; FIRMS; innovations; leadership

摘要

Prior attempts to explain the departure rates of the executives of acquired firms, primarily through strategic and economic logics, have yielded limited results. This study drew on the concept of relative standing, or local social status, to explain why some acquired executives depart. Using a dynamic modeling methodology to study 430 executives in 97 acquired firms, we present evidence to support this new perspective on executive departure. Implications and directions for future research on postacquisition outcomes are discussed.