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We examine the role of delegation in predicting CEO successions. Using a novel proxy for delegation in mergers and acquisitions, we find that overall CEO turnover rates are about one third higher following deals where the CEO delegates to a senior manager versus deals with no observable...
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paper provides empirical evidence on post-merger mobility and productivity of 673 inventors employed by European acquisition … with the merged entity; 2.) inventors that left the acquired firm are less productive in post-merger years than those that …
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