Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/34024
Authors: 
ter Weel, Bas
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2483
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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