Cheung, W Jane; Jackson, Andrew B - In: Australian Journal of Management 38 (2013) 2, pp. 279-310
This study investigates the effect on stock return volatility of a significant event in the life of a firm, a change in its Chief Executive Officer (CEO). Citing weaknesses in the prior literature, we bring a new approach to re-examine the issue. Firstly, we use a relatively unbiased...