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

Bas ter Weel

No 2483, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 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 improvements in firm performance after manager turnover, whereas previous research based on publicly traded firm data has found positive but very small effects of manager turnover on firm performance. In addition, manager quality does not seem to matter in predicting turnover. These estimates are compared and contrasted with studies using publicly traded firm data.

Keywords: firm performance; management turnover (search for similar items in EconPapers)
JEL-codes: J24 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2006-12
New Economics Papers: this item is included in nep-bec, nep-eff, nep-hrm and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published - published in: De Economist, 2011, 159 (3), 279-303

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