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

页码：29 / 48

页数：20

共 20 条

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