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Exogenous shocks: Definitions, types, and causal identification issues

Jacquart, P., Santoni, S. ORCID: 0000-0002-5928-3901, Schudy, S. , Sieweke, J. & Withers, M. (2024). Exogenous shocks: Definitions, types, and causal identification issues. The Leadership Quarterly, 35(5), article number 101823. doi: 10.1016/j.leaqua.2024.101823

Abstract

The article systematically explores exogenous shocks in leadership and management research. It introduces a special issue of The Leadership Quarterly emphasizing how naturally occurring events like financial crises, pandemics, and regulatory changes can be used for empirical research. Then, it reviews various conceptualizations and ways of integrating exogenous shocks into empirical strategies. Finally, it categorizes exogenous shocks based on their extent, timescale, and granularity of intervention, highlighting challenges in causal identification.

Publication Type: Article
Additional Information: © 2024. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/
Publisher Keywords: exogenous shocks; causal inference; natural experiments; LATE; SUTVA; taxonomy
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments: Bayes Business School
Bayes Business School > Management
SWORD Depositor:
[thumbnail of Exogenous_Shocks__Definitions__Types__and_Causal_Identification_Issues.pdf] Text - Accepted Version
This document is not freely accessible until 5 March 2026 due to copyright restrictions.
Available under License Creative Commons Attribution Non-commercial No Derivatives.

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