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Top Management Turnover M Related M&A’s: An Additional Test of the Theory of Relative Standing

1999; SAGE Publishing; Volume: 25; Issue: 1 Linguagem: Inglês

10.1177/014920639902500103

1557-1211

Michael Lubatkin, David M. Schweiger, Yaakov Weber,

Management and Organizational Studies

To date, the most promising attempt to explain departure rates of executives of acquired firms examined the conditions that create perceptions of relative standing, but did not gauge the perceptions themselves. This study extends this line of research by surveying the post-merger perceptions of the top managers of firms acquired in friendly, related deals. We used a two-stage data collection design with the attempt to explain turnover in the first three years following the acquisition, and also predict it in the fourth year.