文章基本信息

标题：CEO Succession and Shareholders Wealth in Malaysian Public Listed Companies
本地全文：下载
作者：Rokiah Ishak ; Rokiah Ishak ; Rohaida Abdul Latif 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2012
卷号：65
页码：173-179
DOI：10.1016/j.sbspro.2012.11.107
语种：English
出版社：Elsevier
摘要：AbstractThis 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.
关键词：CEO succession;Stock market reactions