How and when economic policy uncertainty influences firms' strategic change: the role of CEO turnover and organizational inertia

Purpose Many studies have examined the antecedents of firms' strategic change on a micro and meso level, but few studies have explored it from the macrolevel (e.g. economic policy uncertainty) perspective. This research draws attention to the impact of economic policy uncertainty on firms' strategic change. Design/methodology/approach This research empirically tests hypotheses based on a sample of listed firms in China during the period between...