CEO SUCCESSION AND FIRM PERFORMANCE: EVIDENCE FROM PUBLICLY LISTED MALAYSIAN FIRMS

被引：0
|
作者：
Ishak, Rokiah [1 ]
Ismail, Ku Nor Izah Ku [1 ]
Abdullah, Shamsul Nahar [2 ]
机构：
[1] Univ Utara Malaysia, Coll Business, Sch Accountancy, Sintok, Kent, Malaysia
[2] Int Islamic Univ, Dept Accounting, Kulliyyah Econ & Management Sci, Kuala Lumpur 53100, Malaysia
来源：
ASIAN ACADEMY OF MANAGEMENT JOURNAL OF ACCOUNTING AND FINANCE | 2013年 / 9卷 / 02期
关键词：
CEO succession; post-succession performance; forced turnover; voluntary turnover; internal successor; outside successor;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study investigates the impact of CEO succession on the financial performance of publicly listed Malaysian firms. A match-paired t-test and Wilcoxon signed-rank test are used to determine if there is a change in firm performance following CEO succession. The overall results show that performance improves following post-succession. We also find significant improvement in the performance of companies that experienced forced turnovers and subsequently selected outsiders as successors. On the other hand, forced CEO turnovers that are followed by internal successions disrupt firm performance. As CEO successions impact firms' future performance, the succession planning process should be a priority for firms.
引用
收藏
页码：29 / 48
页数：20
相关论文
共 50 条
  • [41] Sustainability and Corporate Governance an Investigation on Firm Performance: A Study on Malaysian Public Listed Firms
    Johl, Satirenjit Kaur
    Salami, Oladipupo Luqman
    ADVANCED SCIENCE LETTERS, 2017, 23 (01) : 540 - 544
  • [42] The Labour Share and Corporate Financialization: Evidence From Publicly Listed Firms
    Guschanski, Alexander
    Onaran, Ozlem
    BRITISH JOURNAL OF INDUSTRIAL RELATIONS, 2024,
  • [43] Ownership Concentration, Identity and Firm Performance:Evidence from China?s Listed Firms
    Wang, Hongmei
    Wu, Jun
    Yang, Yuhong
    Li, Ruihai
    Liu, Yuping
    EMERGING MARKETS FINANCE AND TRADE, 2019, 55 (15) : 3653 - 3666
  • [44] Costs of voting and firm performance: Evidence from RegTech adoption in Chinese listed firms
    Lan, Ge
    Li, Donghui
    Yang, Shijie
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2023, 64
  • [45] Ultimate ownership and firm performance: further evidence from Chinese private listed firms
    Yang, Shu'e
    Su, Kun
    Yang, Bei
    PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2009, : 299 - 305
  • [46] Board Gender Diversity and Firm Performance: Evidence from Listed Energy Firms in Vietnam
    Tran, Vu Hoang
    Le, Ai Nhan Ngoc
    Nguyen, Nam Trung
    Ho, Tung Thanh
    MONTENEGRIN JOURNAL OF ECONOMICS, 2024, 20 (04)
  • [47] The impact of capital structure on firm performance: evidence from Saudi-listed firms
    Helmi Boshnak
    International Journal of Disclosure and Governance, 2023, 20 : 15 - 26
  • [48] The impact of capital structure on firm performance: evidence from Saudi-listed firms
    Boshnak, Helmi
    INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2023, 20 (01) : 15 - 26
  • [49] Whether CEO Succession Via Hierarchical Jumps is Detrimental or Blessing in Disguise? Evidence from Chinese Listed Firms
    Shah, Syed Ghulam Meran
    Sarfraz, Muddassar
    Fareed, Zeeshan
    Rehman, Muhammad Ateeq Ur
    Maqbool, Adnan
    Qureshi, Muhammad Asim Ali
    ZAGREB INTERNATIONAL REVIEW OF ECONOMICS & BUSINESS, 2019, 22 (02): : 23 - 41
  • [50] A DUAL-AGENCY MODEL OF FIRM CSR IN RESPONSE TO INSTITUTIONAL PRESSURE: EVIDENCE FROM CHINESE PUBLICLY LISTED FIRMS
    Li, Shuping
    Lu, Jane Wenzhen
    ACADEMY OF MANAGEMENT JOURNAL, 2020, 63 (06): : 2004 - 2032
12345