When the shock affects work without a shock: a Corvinus study on board turnover
19/03/2025
"Shock anticipation", a novel mechanism introduced in this paper, describes the behavior of individuals to voluntarily resign from their current positions upon observing an external shock in the broader environment, even when their own organizations are not directly targeted and affected by the adverse event. Research from Corvinus University examines this phenomenon among foreign directors of Chinese-listed companies, particularly in the context of US sanctions against China, which began in 2018.