Managerial Succession and Financial Crisis

Focusing on managerial succession, this book explores its impact on the survival of organizations during environmental shifts, specifically within Swiss private banks from 2008 to 2014. Utilizing event history analysis, it reveals that both CEO succession and changes in the top-management team significantly affect organizational failure rates. The author highlights the contrasting effects of these managerial changes, attributing differing outcomes to the balance of positive influences and negative processes associated with each type of succession.