Year: 2026
Type: dissertation
Abstract: While executives from acquired companies are crucial to M&A success, they turn over at abnormal rates due to diminished autonomy. This phenomenon is well documented in full takeovers, yet little is known about partial acquisitions, an increasingly prevalent transaction type in which autonomy is presumably more preserved. Analyzing 1,705 executives across 132 partial acquisitions, this study finds that executive turnover is abnormally high. A significant finding is that turnover patterns vary depending on seniority and the level of gained control: In majority-stake acquisitions, turnover is concentrated in the C-Suite, while in minority-stake deals, it is most prevalent among VPs.
Author: Hildebrandt, Julian
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7197281147
Cites:
Cited by:
Related to: