 Dust in the Wind: Causes and Consequences of Managerial ReplacementsJan C. van Ours No 21850, CEPR Discussion Papers from Centre for Economic Policy Research Abstract: If the economic performance of a firm is disappointing, the manager may be replaced. Whether that improves performance is unclear. For regular firms, it is often difficult to study the causes and consequences of managerial replacement due to limited data availability. This is different for sports clubs, where high-quality data are available on a regular basis. The current paper studies managerial replacements in professional football in the Netherlands. Disappointment is measured by two indicators that use bookmaker expectations as a reference. Points surprise is based on actual results, while performance surprise is based on expected goals. The analysis shows that within-season managerial replacements are more likely when there is disappointment, that is, when both surprise indicators are negative. Match results improve after managerial replacement. However, this improvement is not causal: a counterfactual analysis suggests that match results would have improved even in the absence of managerial replacement. Keywords: Management practices; Professional football; Goals; Sports economics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:21850 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.