{"id":"https://openalex.org/W2000472454","doi":"https://doi.org/10.2139/ssrn.1028216","title":"Financial Distress, Corporate Control, and Management Turnover","display_name":"Financial Distress, Corporate Control, and Management Turnover","publication_year":2007,"publication_date":"2007-01-01","ids":{"openalex":"https://openalex.org/W2000472454","doi":"https://doi.org/10.2139/ssrn.1028216","mag":"2000472454"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.1028216","doi":"https://doi.org/10.2139/ssrn.1028216","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1028216","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.1028216","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037951017","display_name":"Philipp Jostarndt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Philipp Jostarndt","raw_affiliation_strings":["Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Kaulbachstr. 45, Munich, DE 80539, Germany","Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Kaulbachstr. 45, Munich, DE 80539, Germany","institution_ids":["https://openalex.org/I8204097"]},{"raw_affiliation_string":"Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)","institution_ids":["https://openalex.org/I8204097"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046526188","display_name":"Zacharias Sautner","orcid":"https://orcid.org/0000-0002-0780-6571","observed_orcids":["https://orcid.org/0000-0002-0780-6571"]},"institutions":[{"id":"https://openalex.org/I202697423","display_name":"University of Zurich","ror":"https://ror.org/02crff812","country_code":"CH","type":"education","lineage":["https://openalex.org/I202697423"]},{"id":"https://openalex.org/I4210136188","display_name":"European Corporate Governance Institute","ror":"https://ror.org/04egehb02","country_code":"BE","type":"nonprofit","lineage":["https://openalex.org/I4210136188"]},{"id":"https://openalex.org/I54157616","display_name":"Swiss Finance Institute","ror":"https://ror.org/02cgn2a44","country_code":"CH","type":"education","lineage":["https://openalex.org/I54157616"]},{"id":"https://openalex.org/I71675930","display_name":"Frankfurt School of Finance & Management","ror":"https://ror.org/05gxyna29","country_code":"DE","type":"education","lineage":["https://openalex.org/I71675930"]}],"countries":["BE","CH","DE"],"is_corresponding":true,"raw_author_name":"Zacharias Sautner","raw_affiliation_strings":["European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","Swiss Finance Institute","University of Zurich - Department of Finance, Plattenstr 32, Zurich, 8032, Switzerland","European Corporate Governance Institute (ECGI)","Frankfurt School of Finance & Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Swiss Finance Institute","institution_ids":["https://openalex.org/I54157616"]},{"raw_affiliation_string":"University of Zurich - Department of Finance, Plattenstr 32, Zurich, 8032, Switzerland","institution_ids":["https://openalex.org/I202697423"]},{"raw_affiliation_string":"European Corporate Governance Institute (ECGI)","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Frankfurt School of Finance & Management","institution_ids":["https://openalex.org/I71675930"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5046526188"],"corresponding_institution_ids":["https://openalex.org/I202697423","https://openalex.org/I4210136188","https://openalex.org/I54157616","https://openalex.org/I71675930"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":19,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7300000190734863,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.7300000190734863,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.26460000872612,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.002899999963119626,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-distress","display_name":"financial distress","score":0.9950000047683716},{"id":"https://openalex.org/keywords/corporate-control","display_name":"corporate control","score":0.7590000033378601},{"id":"https://openalex.org/keywords/managerial-turnover","display_name":"management turnover","score":0.9649999737739563},{"id":"https://openalex.org/keywords/ownership-concentration","display_name":"ownership concentration","score":0.8519999980926514},{"id":"https://openalex.org/keywords/corporate-restructuring","display_name":"corporate restructuring","score":0.7120000123977661},{"id":"https://openalex.org/keywords/debt-restructuring","display_name":"debt restructuring","score":0.7850000262260437},{"id":"https://openalex.org/keywords/bank-ownership","display_name":"bank ownership","score":0.5609999895095825},{"id":"https://openalex.org/keywords/outside-investors","display_name":"outside investors","score":0.7369999885559082},{"id":"https://openalex.org/keywords/executive-directors","display_name":"executive directors","score":0.7110000252723694},{"id":"https://openalex.org/keywords/non-executive-directors","display_name":"non-executive directors","score":0.9319999814033508},{"id":"https://openalex.org/keywords/managerial-tenure","display_name":"managerial tenure","score":0.7239999771118164},{"id":"https://openalex.org/keywords/corporate-acquisition","display_name":"corporate acquisition","score":0.8700000047683716},{"id":"https://openalex.org/keywords/german-companies","display_name":"German companies","score":0.9290000200271606}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7032438516616821},{"id":"https://openalex.org/C2984760201","wikidata":"https://www.wikidata.org/wiki/Q1785212","display_name":"Financial distress","level":2,"score":0.5989954471588135},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.5056099891662598},{"id":"https://openalex.org/C139265228","wikidata":"https://www.wikidata.org/wiki/Q5283089","display_name":"Distress","level":2,"score":0.4758296310901642},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4599025249481201},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.45373788475990295},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.41468381881713867},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2465214729309082},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.2373051643371582},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.17449530959129333},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.16277113556861877},{"id":"https://openalex.org/C70410870","wikidata":"https://www.wikidata.org/wiki/Q199906","display_name":"Clinical psychology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2139/ssrn.1028216","doi":"https://doi.org/10.2139/ssrn.1028216","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1028216","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:www.zora.uzh.ch:234572","doi":null,"is_oa":true,"landing_page_url":"https://www.zora.uzh.ch/id/eprint/234572/1/SSRN_id1028216.pdf","pdf_url":"https://www.zora.uzh.ch/id/eprint/234572/1/SSRN_id1028216.pdf","source":{"id":"https://openalex.org/S4306401281","display_name":"Zurich Open Repository and Archive (University of Zurich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I202697423","host_organization_name":"University of Zurich","host_organization_lineage":["https://openalex.org/I202697423"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"Jostarndt, Philipp; Sautner, Zacharias (2008). Financial distress, corporate control, and management turnover. Journal of Banking and Finance, 32(10):2188-2204.","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eee:jbfina:v:32:y:2008:i:10:p:2188-2204","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378-4266(08)00025-3","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"doi:10.5167/uzh-234572","doi":"https://doi.org/10.5167/uzh-234572","is_oa":true,"landing_page_url":"https://doi.org/10.5167/uzh-234572","pdf_url":null,"source":{"id":"https://openalex.org/S4306401281","display_name":"Zurich Open Repository and Archive (University of Zurich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I202697423","host_organization_name":"University of Zurich","host_organization_lineage":["https://openalex.org/I202697423"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"JournalArticle"}],"best_oa_location":{"id":"doi:10.2139/ssrn.1028216","doi":"https://doi.org/10.2139/ssrn.1028216","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.1028216","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"score":0.5473999977111816,"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions"}],"sustainable_development_goals_aurora":[{"score":0.41999998688697815,"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":68,"referenced_works":["https://openalex.org/W1513613701","https://openalex.org/W1558646410","https://openalex.org/W1562628026","https://openalex.org/W1576295081","https://openalex.org/W1591585818","https://openalex.org/W1692900578","https://openalex.org/W1820131753","https://openalex.org/W1904581949","https://openalex.org/W1964306383","https://openalex.org/W1966761380","https://openalex.org/W1969972304","https://openalex.org/W1970546149","https://openalex.org/W1973825275","https://openalex.org/W1975294693","https://openalex.org/W1979927021","https://openalex.org/W1982404296","https://openalex.org/W1991795148","https://openalex.org/W1997391767","https://openalex.org/W2001140405","https://openalex.org/W2013232966","https://openalex.org/W2015353363","https://openalex.org/W2017404931","https://openalex.org/W2036460001","https://openalex.org/W2072817834","https://openalex.org/W2087476790","https://openalex.org/W2093482446","https://openalex.org/W2096718584","https://openalex.org/W2098861776","https://openalex.org/W2106000037","https://openalex.org/W2111562586","https://openalex.org/W2121946561","https://openalex.org/W2122753608","https://openalex.org/W2124758339","https://openalex.org/W2127789560","https://openalex.org/W2135241016","https://openalex.org/W2140511050","https://openalex.org/W2143557201","https://openalex.org/W2146880834","https://openalex.org/W2150284564","https://openalex.org/W2154172128","https://openalex.org/W2156027511","https://openalex.org/W2158654250","https://openalex.org/W2166593106","https://openalex.org/W2169637990","https://openalex.org/W2586769758","https://openalex.org/W2601975440","https://openalex.org/W2747531703","https://openalex.org/W2752617332","https://openalex.org/W2891158800","https://openalex.org/W2891651322","https://openalex.org/W3121344980","https://openalex.org/W3121759882","https://openalex.org/W3121886422","https://openalex.org/W3121990137","https://openalex.org/W3122060417","https://openalex.org/W3122602955","https://openalex.org/W3122859634","https://openalex.org/W3123087187","https://openalex.org/W3123826726","https://openalex.org/W3124907268","https://openalex.org/W3125304111","https://openalex.org/W3125405027","https://openalex.org/W3125601827","https://openalex.org/W3125642576","https://openalex.org/W4234309078","https://openalex.org/W4312327768","https://openalex.org/W7030065760","https://openalex.org/W7034540371"],"related_works":["https://openalex.org/W4233457367","https://openalex.org/W2388347777","https://openalex.org/W7112584924","https://openalex.org/W1941461463","https://openalex.org/W625165037","https://openalex.org/W2001441712","https://openalex.org/W2611796491","https://openalex.org/W2392516071","https://openalex.org/W2379968182","https://openalex.org/W1982404296"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":5},{"year":2015,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}