Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?

Hirata, Kenjiro; Suzuki, Ayako; Takii, Katsuya

Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?

Hirata, Kenjiro; Suzuki, Ayako; Takii, Katsuya

OSIPP Discussion Paper, 2016, DP-2016-E-006, 1-45

アクセス数:264件（2025-05-20 12:18 集計）

固定URL: https://hdl.handle.net/11094/56969

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タイトル	Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?
著者	NRID 1000070423209 1000070423209 著者名 Hirata, Kenjiro
	NRID 1000020327696 1000020327696 著者名 Suzuki, Ayako
	NRID 1000070346138 1000070346138 researchmap permalink k-takii k-takii Scopus Author ID 6603896348 6603896348 著者名 Takii, Katsuya
キーワード等	Tenure
キーワード等	Retention of Managers and Post M&As
抄録	This paper examines how managers' tenures in target firms influence their probability of retention as board members after mergers or acquisitions in Japanese firms. It develops a model that distinguishes several hypotheses about the effect of tenure on separation. Our results suggest that experience as an employee increases firm-specific skills, but at the expense of the ability to learn new skills. However, experience as a board member does not have this effect in Japanese firms, the structure of which is known to encourage specific skills. Further, we provide a novel method to correct for selection biases when using data on managers.
出版者	Osaka School of International Public Policy, Osaka University
収録物名	OSIPP Discussion Paper
巻(号)	DP-2016-E-006
ページ	1-45
刊行年月	2016-05-20
言語	英語
ハンドルURL	https://hdl.handle.net/11094/56969
関連情報 (references)	URI http://www.osipp.osaka-u.ac.jp/archives/DP/2016/DP2016E006.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	OSIPP Discussion Paper

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	OSIPP Discussion Paper. 2016, DP-2016-E-006, p. 1-45
DC.title	Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?
DC.creator	Hirata, Kenjiro
	Suzuki, Ayako
	Takii, Katsuya
DC.publisher	Osaka School of International Public Policy, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2016-05-20
DC.relation' scheme='DCTERMS.URI	http://www.osipp.osaka-u.ac.jp/archives/DP/2016/DP2016E006.pdf
DC.subject	Tenure
DC.subject	Retention of Managers and Post M&As
DCTERMS.abstract	This paper examines how managers' tenures in target firms influence their probability of retention as board members after mergers or acquisitions in Japanese firms. It develops a model that distinguishes several hypotheses about the effect of tenure on separation. Our results suggest that experience as an employee increases firm-specific skills, but at the expense of the ability to learn new skills. However, experience as a board member does not have this effect in Japanese firms, the structure of which is known to encourage specific skills. Further, we provide a novel method to correct for selection biases when using data on managers.
DC.format	56969
citation_title	Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?
citation_author	Hirata, Kenjiro
	Suzuki, Ayako
	Takii, Katsuya
citation_publisher	Osaka School of International Public Policy, Osaka University
citation_language	英語
citation_date	2016-05-20
citation_journal_title	OSIPP Discussion Paper
citation_volume	DP-2016-E-006
citation_firstpage	1
citation_lastpage	45
citation_public_url	https://hdl.handle.net/11094/56969
citation_abstract_html_url	http://www.osipp.osaka-u.ac.jp/archives/DP/2016/DP2016E006.pdf

Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?

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