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
相关论文
共 50 条
  • [41] Study on the Depriving System of the Ultimate Shareholders of Listed Companies in China
    Guan Xin
    Gao Chuang
    PROCEEDINGS OF THE SIXTH INTERNATIONAL SYMPOSIUM ON CORPORATE GOVERNANCE, 2011, : 539 - 546
  • [42] The Impact of the Takeover Directive on Minority Shareholders in Companies Listed in Denmark
    Werlauff, Erik
    EUROPEAN COMPANY LAW, 2005, 2 (03): : 100 - 103
  • [43] Controlling Shareholders' Equity Pledge and Listed Companies' Stock Repurchase
    Wang, Zhaolin
    DISCRETE DYNAMICS IN NATURE AND SOCIETY, 2022, 2022
  • [44] Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator
    Rajan, Nur Sabrina Abdul Razak
    Othman, Sarina
    ENVIRONMENT-BEHAVIOUR PROCEEDINGS JOURNAL, 2023, 8 (26): : 13 - 18
  • [45] Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator
    Rajan, Nur Sabrina Abdul Razak
    Othman, Sarina
    ENVIRONMENT-BEHAVIOUR PROCEEDINGS JOURNAL, 2023, 8 : 13 - 18
  • [46] Intensity of market competition, strategic orientation and adoption of green initiatives in Malaysian public listed companies
    Aziz, Nor Azah Abdul
    Foong, Soon Y.
    San Ong, Tze
    Senik, Rosmila
    Attan, Hassan
    Arshad, Yusri
    INTERNATIONAL JOURNAL OF PRODUCTIVITY AND PERFORMANCE MANAGEMENT, 2018, 67 (08) : 1334 - 1351
  • [47] The Relationship between Corporate Governance Attributes and Environmental Disclosure Quality of Malaysian Public Listed Companies
    Ong, Tze San
    Ng, Yen Hong
    Teh, Boon Heng
    Kasbun, Nur Fatin
    Kwan, Jing Hui
    ASIAN JOURNAL OF ACCOUNTING AND GOVERNANCE, 2019, 12
  • [48] ORGANIZATIONAL CULTURE AND ITS IMPACT ON FIRM PERFORMANCE: CASE STUDY OF MALAYSIAN PUBLIC LISTED COMPANIES
    Yusoff, Wan Fauziah Wan
    INTERNATIONAL CONFERENCE ON MANAGEMENT (ICM 2011), 2011, : 124 - 136
  • [49] Corporate governance structure and performance of Malaysian listed companies
    Haniffa, Roszaini
    Hudaib, Mohammad
    JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2006, 33 (7-8) : 1034 - 1062
  • [50] Ownership Structure Trend Among Malaysian Listed Companies
    Adi, Mohd Nazir Mohd
    Yusoff, Wan Fauziah Wan
    Samad, Abdul Kader Omer Abdul
    ADVANCED SCIENCE LETTERS, 2018, 24 (05) : 3085 - 3090
12345