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- W1876335963 abstract "Sports provides an ideal real world experiment to quantify the effect of management changes, because (here soccer) coaches can be compared to CEOs in terms of responsibility and competition. Probably they face an even stiffer environment and operate in an international multi-billion dollar industry. Therefore, we analyze 1979 games in Austria's Premier Soccer League and find empirically no support of the much discussed coach effect. In other words, replacing a coach after poor performance does not affect the performance of the soccer team. This empirical observation is used to draw inferences on management in general and the replacement of CEOs in particular. Furthermore we analyse why a change of CEO does not affect the composition of boards in short run, thinking about concepts such as staggered boards. The blindfold replacement of the guards does not represent a universal remedy for poor performing companies, although the threat of being replaced is necessary for providing incentives for high efforts ex-ante." @default.
- W1876335963 created "2016-06-24" @default.
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- W1876335963 date "2005-01-01" @default.
- W1876335963 modified "2023-09-26" @default.
- W1876335963 title "Exchanging Bosses - Lessons from Soccer Coaches for CEOs" @default.
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- W1876335963 doi "https://doi.org/10.2139/ssrn.720001" @default.
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