Top Management Turnover M Related M&A’s: An Additional Test of the Theory of Relative Standing
通过调查友好相关并购后被收购公司高管的离职感知，检验相对地位理论对离职率的解释力，并预测第四年的离职情况。
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.