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How performance expectations affect managerial replacement decisions


Pieper, Jan; Nüesch, Stephan; Franck, Egon (2014). How performance expectations affect managerial replacement decisions. Schmalenbach Business Review (sbr), 66:5-23.

Abstract

We empirically investigate how performance expectations affect top manager replacements. We do so by approximating performance expectations based on professional bookmaker betting odds in professional soccer, thus capturing the effect on the dismissal probability of team coaches. Controlling for team performance and unobserved team heterogeneity, we show that a one-standard-deviation increase of performance expectations nearly doubles the coach’s dismissal probability. Our study represents a strong test for the impact of performance expectations on managerial replacements because accurate performance measures are available at frequent intervals in the controlled field environment of professional soccer. The limitations of transferability are also discussed.

Abstract

We empirically investigate how performance expectations affect top manager replacements. We do so by approximating performance expectations based on professional bookmaker betting odds in professional soccer, thus capturing the effect on the dismissal probability of team coaches. Controlling for team performance and unobserved team heterogeneity, we show that a one-standard-deviation increase of performance expectations nearly doubles the coach’s dismissal probability. Our study represents a strong test for the impact of performance expectations on managerial replacements because accurate performance measures are available at frequent intervals in the controlled field environment of professional soccer. The limitations of transferability are also discussed.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2014
Deposited On:12 Aug 2014 15:23
Last Modified:08 Dec 2017 06:50
Publisher:Schmalenbach-Gesellschaft für Betriebswirtschaft
ISSN:1439-2917
Free access at:Publisher DOI. An embargo period may apply.
Official URL:http://www.sbr-online.de/pdfarchive/einzelne_pdf/sbr_2014_january_5-23.pdf
Other Identification Number:merlin-id:9875

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