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absolute changes agency problems agency theory asset reduction behavior Brigham Young University CEO change CEO succession change in ROA Chauge coefficients Compustat concordant pairs corporate correlations course of action de-escalation variables environmental escalating commitments finding firm performance firm's GNP change greater changes Grusky hypothesis impact independent variables industry influence inside CEOs inside succession firms involving iu pareutheses Jerry Ross leadership change Log Assets logistic regression Management Team Effects managerial measures Mias X Mintzberg negative relationship non-regulated firms non-succession firms observed OO.l organizational outcomes organizational performance organizations performance changes Pfeffer positive previous performance reduce assets regulated firms reported retrenchment actions return on assets ROE change role sample sever commitments significant significantly sports teams Staw strategic change strategic decisions strategic discretion succession effects succession research successors Table team changes tests theory TMT change top management succession top management team top team turnover Tushman Virany workforce reductions