UUM Repository | Universiti Utara Malaysian Institutional Repository
FAQs | Feedback | Search Tips | Sitemap

Shareholders reaction towards CEO succession: Evidence of Malaysian public listed companies


Ku Ismail, Ku Nor Izah and Ishak, Zuaini and Abdul Latif, Rohaida and Ishak, Rokiah and Ibrahim, Mohammad Azhar and Abdullah, Akilah and Sahdan, Mohd Hadafi (2012) Shareholders reaction towards CEO succession: Evidence of Malaysian public listed companies. Project Report. Universiti Utara Malaysia. (Unpublished)

[img] PDF
Restricted to Registered users only

Download (701kB)
[img]
Preview
PDF
Download (499kB) | Preview

Abstract

This study observes the impact of CEO succession on stock price of Malaysian Public Limited Companies (PLCs). Standard event study methodology is used to examine the immediate price effects of all Bursa Malaysia listed firms that announced CEO turnover during 2008 to 2010. The finding shows that the market is indifferent on the date of announcement. However, there is a significant positive abnormal returns of 1.5% in 10 days before the announcement date using both the market return and market adjusted return models.Profitability as measured by return on asset, and growth as measured by market to book value, appear to affect significantly firms’ price returns.

Item Type: Monograph (Project Report)
Additional Information: FINAL REPORT LEADS (S/O CODE: 12099)
Subjects: H Social Sciences > HF Commerce
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Prof. Dr. Ku Nor Izah Ku Ismail
Date Deposited: 03 Apr 2013 02:06
Last Modified: 20 Apr 2016 04:03
URI: http://repo.uum.edu.my/id/eprint/7317

Actions (login required)

View Item View Item