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.

“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.