Farah, Paul; Li, Hui - In: International Journal of Financial Studies : open … 9 (2021) 3, pp. 1-22
This study investigates market reactions to announcements of CEO turnover and finds that forced turnovers are not … contradiction is further explored by focusing on the nature of not only turnover but also a firm’s past performance. This study … finds that the market seems to incorporate both types of information in reacting to CEO turnover announcements. Firing an …