Abstract

http://ssrn.com/abstract=1863323
 
 

References (28)



 


 



You're Fired! A Complex Adaptive Systems Perspective of Post-Merger and Acquisition Executive Turnover


Jason Whan Park


City University of Hong Kong

Benoit Morel


Carnegie Mellon University

Kevin H. Kim


University of Pittsburgh - School of Education

September 30, 2011


Abstract:     
Since the publication of Organization Science’s 1999 Special Issue on complexity theory, researchers have applied this paradigm to various organizational phenomena. In this paper, we examine post-merger and acquisition (M&A) executive turnover from a Complex Adaptive Systems (CAS) perspective. This lens integrates and subsumes the existing literature on this phenomenon, which is fragmented, incomplete, and lacking in an overarching theory. The observation of a power law distribution in target firm TMT rates for a sample of 70 U.S. acquisitions valued over US$ 1 billion from 1997 to 1999, at the height of the 1990s M&A wave, supports our interpretation.

Keywords: Mergers and acquisitions, executive turnover, power law, Complex Adaptive System, Self-organized criticality, top management team

JEL Classification: G34, J44, M51

working papers series





Not Available For Download

Date posted: June 13, 2011 ; Last revised: March 1, 2012

Suggested Citation

Park, Jason Whan and Morel, Benoit and Kim, Kevin H., You're Fired! A Complex Adaptive Systems Perspective of Post-Merger and Acquisition Executive Turnover (September 30, 2011). Available at SSRN: http://ssrn.com/abstract=1863323

Contact Information

Jason Whan Park (Contact Author)
City University of Hong Kong ( email )
Room G7405, 7/F Academic Building
Department of Management, Tat Chee Avenue
Kowloon, Kowloon 220
Hong Kong
(852) 3442 7210 (Phone)
(852) 3442 0309 (Fax)
HOME PAGE: http://www.cb.cityu.edu.hk/Portfolio/Staff.cfm?EID=jwpark
Benoit Morel
Carnegie Mellon University ( email )
Pittsburgh, PA 15213-3890
United States
Kevin H. Kim
University of Pittsburgh - School of Education ( email )
United States
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