Does Manager Turnover Improve Firm Performance? Evidence from Dutch Soccer, 1986-2004

Bas ter Weel

No 166, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: This research examines the impact of manager turnover on firm performance using information from the Dutch soccer league in the period 1986-2004. The main advantage of using sports data is that both manager characteristics and decisions and firm outcomes are directly observable. Both difference-in-difference and 2SLS estimates suggest no statistically significant improvements in performance after manager turnover, whereas previous research based on publicly traded firm data has found positive but very small effects of manager turnover on performance. The estimates confirm previous research using soccer data. In addition, estimates suggest that manager quality does not seem to matter in predicting turnover. These estimates are compared and contrasted with studies using publicly traded firm data and studies using soccer data. This paper has been accepted for publication and will appear in De Economist in 2011.

JEL-codes: J24 (search for similar items in EconPapers)
Date: 2011-01
New Economics Papers: this item is included in nep-hrm and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://www.cpb.nl/sites/default/files/publicaties ... firm-performance.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:166

Access Statistics for this paper

More papers in CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis Contact information at EDIRC.
Bibliographic data for series maintained by ().