This study investigates the effects of CEO succession on the stock and Þnancial performance of large publicly held corporations over the years 1977-1994. Using a market signaling framework, this study examines how the stock market responds to the expected Þnancial performance of the Þrm at...

This study investigates the effects of CEO succession on the stock and financial performance of large publicly held corporations over the years 1977‐1994. Using a market signaling framework, this study examines how the stock market responds to the expected financial performance of the firm at...