“Bad news for announcers, good news for rivals - Are rivals fully seizing transition-period opportunities following announcers' top management turnovers?”, a paper co-authored by Utz Schäffer, Professor at the Institut of Management Accounting and Control of WHU – Otto Beisheim School of Management, has been accepted for publication in “Strategic Management Journal” (SMJ). Based on a U.S. sample of more than 800 CEO turnovers, the authors analyze the implications of a top management turnover both for the announcing company and for its intra-industrial competitors. While the turnover leads to a period of relative stagnation for announcing companies, their rivals can seize the opportunity and actively exploit this disruptive period to their advantage. SMJ is a STAR journal in the ERIM Journal list and is among the Financial Times Top 50 Journals.
Institute of Management Accounting and Control
New publication by Utz Schäffer in Strategic Management Journal
The authors analyze the implications of a top management turnover both for the announcing company and for its intra-industrial competitors.
