Postacquisition turnover among U.S. top management teams: an analysis of the effects of foreign vs. domestic acquisitions of U.S. targets

作者: Jeffrey A. Krug , W. Harvey Hegarty

DOI: 10.1002/(SICI)1097-0266(199709)18:8<667::AID-SMJ918>3.0.CO;2-E

关键词: International policyPractical implicationsEconomyControl (management)NationalityTop managementMergers and acquisitionsBusinessAccounting

摘要: An analysis of postacquisition top management turnover among 168 cross-border and 102 purely domestic acquisitions, a control group 120 nonacquired U.S. firms, revealed that rates in firms acquired by non-U.S. acquirers were significantly higher than other or the group. Further, timing differed foreign vs. acquisitions. Finally, nationality acquirer was found to be an important predictor certain acquisition categories. Theoretical practical implications are discussed. ? 1997 John Wiley & Sons, Ltd.

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