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Succession Effects in Radically Different Environments: A Study in Turkish Banking before and after Liberalization

Author

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  • Behlul Usdiken
  • Suleyman Ozmucur

    (Department of Economics, University of Pennsylvania)

Abstract

This study examines the consequences of managerial succession in the banking sector of a highly interventionist and autarchic economy that has then attempted to move towards liberalization and internationalization. Results, as hypothesized, show that immediate outcomes of succession were more negative in the extremely turbulent conditions of politico-economic transition than in the controlled and stable environment. Likewise, relative to the immediate aftermath of succession managerial longevity was associated with less positive outcomes in the former conditions than in the latter.

Suggested Citation

  • Behlul Usdiken & Suleyman Ozmucur, 2002. "Succession Effects in Radically Different Environments: A Study in Turkish Banking before and after Liberalization," Working Papers 0210, Economic Research Forum, revised 04 Apr 2002.
    • Handle: RePEc:erg:wpaper:0210
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    References listed on IDEAS

    as
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