An econometric evaluation of the firing of a coach on team performance
Firing the manager is a drastic measure employed by firms to deal with poor performance.However,data on within firm dynamics are scarce,and the firing of individual managers is rarely recorded in the firm level data currently available.This makes the val e of firing a manager difficult to assess. Data on sports offer a unique opportunity to study this phenomenon beca se the firing of a coach is usually well-publicized.Using data on soccer, the author evaluates the effect of the firing of a coach on team performance.As teams do not face the same opponents before and after a coach is fired, the issue of sample selectivity is addressed.
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- Denis, David J & Denis, Diane K, 1995. " Performance Changes Following Top Management Dismissals," Journal of Finance, American Finance Association, vol. 50(4), pages 1029-57, September.
- Warner, Jerold B. & Watts, Ross L. & Wruck, Karen H., 1988. "Stock prices and top management changes," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 461-492, January.
- Scully, Gerald W., 1995. "The Market Structure of Sports," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226743950.
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