CEO Succession and Shareholders Wealth in Malaysian Public Listed Companies

被引：5
|
作者：
Ishak, Rokiah [1 ]
Latif, Rohaida Abdul [1 ]
机构：
[1] Univ Utara Malaysia, Sch Accountancy, Coll Business, Sintok 06010, Kedah, Malaysia
来源：
INTERNATIONAL CONGRESS ON INTERDISCIPLINARY BUSINESS AND SOCIAL SCIENCES 2012 (ICIBSOS 2012) | 2012年 / 65卷
关键词：
CEO succession; stock market reactions; ORGANIZATIONAL PERFORMANCE; TOP; DEPARTURES; FINANCE; EVENT;
D O I：
10.1016/j.sbspro.2012.11.107
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study observes the impact of CEO succession on stock price of Malaysian Public Listed Companies (PLCs). Standard event study methodology is used to examine the immediate price effects of all Bursa Malaysia listed firms that announced CEO succession 2008 to 2010. The finding shows that the market is indifferent on the date of announcement. However, there are significant positive abnormal returns of 1.5 % in 10 days before the announcement date using market model approach. and market adjusted return model. (C) 2012 Published by Elsevicr Ltd.
引用
收藏
页码：173 / 179
页数：7
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