Based on statistical analyses of the financial data, the study showed that organisational instabilitycharacterised the period under examination. On average, change of ownership or of management, or evenmergers or de-mergers occurred every 3.7 years. The “stable” periods are too short for...

Based on statistical analyses of the financial data, the study showed that organisational instability characterised the period under examination. On average, change of ownership or of management, or even mergers or de-mergers occurred every 3.7 years. The “stable†periods are too short...