Business exit has implications for a firm's corporate strategy. Two types of exit events are distinguished: those that involve strategic change and those that are status quo-preserving. This study investigates the impact of CEO turnover and succession on strategic versus status quo-preserving...

SFB 649 Discussion Paper 2007-054 The Drivers and Implications of Business Divestiture – An Application and Extension of Prior Findings Carolin Decker* Thomas Mellewigt* * Freie Universität Berlin, Germany This research was supported by the Deutsche...