Top management turnover in related M&A's: An additional test of the theory of relative standing
通过调查友好相关并购中被收购公司高管的并购后感知，研究前三年离职率并预测第四年离职，检验相对地位理论。
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.