TY  - RPRT
U1  - Arbeitspapier
A1  - Wulf, Torsten
A1  - Stubner, Stephan
T1  - Executive departure following acquisitions in Germany
BT  - an empirical analysis of its antecedents and consequences
T2  - HHL Working Paper
N2  - In this paper we analyze the relationship between executive departure in acquired companies and pre- as well as post-acquisition performance. Based on corporate control theory and human capital theory we derive hypotheses regarding this relationship and empirically test them using a sample of 44 German companies which were acquired between 1996 and 2004. The results of the study show that executive departure after an acquisition indeed constitutes a severe loss of human capital for a company, thus having a negative effect on post-acquisition performance. However, we could find no clear results to explain for a relationship between pre-acquisition success and executive departure.
T3  - HHL-Arbeitspapier / HHL Working paper - 84 
Y1  - 2008
U6  - https://nbn-resolving.org/urn:nbn:de:0217-hhlap840
UN  - https://nbn-resolving.org/urn:nbn:de:0217-hhlap840
SN  - 1864-4562
SS  - 1864-4562
IS  - 84 (2008)
SP  - 22, XVII
S1  - 22, XVII
ER  -