Mishra, Suchismita; Talukdar, Bakhtear; Upadhyay, Arun - In: Managerial Finance 46 (2019) 2, pp. 179-196
Purpose: There is some evidence that firms appoint internal candidates to exploit their unique firm specific knowledge and that the type of appointments may have signaling value to the market. However, these studies are limited to chief executive officer appointments whereas other top...