Resumen de The impact of leadership changes on expectations of organizational performance
Previous research examined the effect of changes in upper management positions on actual organizational performance; however, the influence of leadership changes on performance expectations has been largely neglected. This gap in the literature is surprising given that failure to meet expectations leads to dismissal. The purpose of the present research is to analyze how coaching changes impact expectations of a sports team’s performance. Betting lines are used as performance expectations as they are unbiased forecasts of game outcomes. This study uses data from 13 seasons of the German Football Bundesliga. Significant positive time-lagged effects on performance expectations are evident when examining underlying expected performance. These positive effects are evident eight weeks following the leadership change, indicating that new leaders are expected to need some time before significant performance improvements are expected to occur
