Post-Acquisition Top Management Turnover and Legitimacy: A Perspective of Institutional Theory

摘要：

Post-acquisition top management turnover has significant effect on corporate acquisition performance. However,there are conflicts among concurrent studies. On the perspective of institutional theory,this paper introduced a concept of legitimacy and made an empirical research on the relationships of post-acquisition top management turnover and legitimacy based on a sample of 123 acquisitions. It is found that post-acquisition top management turnover has significantly positive effect on internal legitimacy,while there is no significant relationship between top management turnover and external legitimacy. The founding can have some theoretical value for corporate decision on top management replacement after acquisitions and how to achieve acquisition goals.

关键词： Acquisition Top Management Turnover Legitimacy Institutional Theory

作者: Qi Yue

作者单位: School of Economics and Management,South China Normal University,China

会议类型: 国际会议

会议名称: The Tenth Wuhan International Conference on E-Business(第十届武汉电子商务国际会议)

会议地点: 成都

会议语种:英文

页码: 985-991

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）