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CEO succession and firm performance: Evidence from publicly listed Malaysian firms

This study investigates the impact of CEO succession on the financial performance of publicly listed Malaysian firms.A match-paired t-test and Wilcox on signed-rank test are used to determine if there is a change in firm performance following CEO succession.The overall results show that performance...

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Main Authors: Ishak, Rokiah, Ku Ismail, Ku Nor Izah, Abdullah, Shamsul Nahar
Format: Article
Language:English
Published: Universiti Sains Malaysia 2013
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/16063/1/4.pdf
http://repo.uum.edu.my/16063/
http://web.usm.my/journal/aamjaf/vol9_2_2013.html
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id my.uum.repo.16063
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spelling my.uum.repo.160632016-04-18T04:42:15Z http://repo.uum.edu.my/16063/ CEO succession and firm performance: Evidence from publicly listed Malaysian firms Ishak, Rokiah Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar HD28 Management. Industrial Management This study investigates the impact of CEO succession on the financial performance of publicly listed Malaysian firms.A match-paired t-test and Wilcox on signed-rank test are used to determine if there is a change in firm performance following CEO succession.The overall results show that performance improves following post-succession.We also find significant improvement in the performance of companies that experienced forced turnovers and subsequently selected outsiders as successors.On the other hand, forced CEO turnovers that are followed by internal successions disrupt firm performance.As CEO successions impact firms’ future performance, the succession planning process should be a priority for firms. Universiti Sains Malaysia 2013 Article PeerReviewed application/pdf en http://repo.uum.edu.my/16063/1/4.pdf Ishak, Rokiah and Ku Ismail, Ku Nor Izah and Abdullah, Shamsul Nahar (2013) CEO succession and firm performance: Evidence from publicly listed Malaysian firms. Asian Academy of Management Journal of Accounting and Finance, 9 (2). pp. 29-48. ISSN 1823-4992 http://web.usm.my/journal/aamjaf/vol9_2_2013.html
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Ishak, Rokiah
Ku Ismail, Ku Nor Izah
Abdullah, Shamsul Nahar
CEO succession and firm performance: Evidence from publicly listed Malaysian firms
description This study investigates the impact of CEO succession on the financial performance of publicly listed Malaysian firms.A match-paired t-test and Wilcox on signed-rank test are used to determine if there is a change in firm performance following CEO succession.The overall results show that performance improves following post-succession.We also find significant improvement in the performance of companies that experienced forced turnovers and subsequently selected outsiders as successors.On the other hand, forced CEO turnovers that are followed by internal successions disrupt firm performance.As CEO successions impact firms’ future performance, the succession planning process should be a priority for firms.
format Article
author Ishak, Rokiah
Ku Ismail, Ku Nor Izah
Abdullah, Shamsul Nahar
author_facet Ishak, Rokiah
Ku Ismail, Ku Nor Izah
Abdullah, Shamsul Nahar
author_sort Ishak, Rokiah
title CEO succession and firm performance: Evidence from publicly listed Malaysian firms
title_short CEO succession and firm performance: Evidence from publicly listed Malaysian firms
title_full CEO succession and firm performance: Evidence from publicly listed Malaysian firms
title_fullStr CEO succession and firm performance: Evidence from publicly listed Malaysian firms
title_full_unstemmed CEO succession and firm performance: Evidence from publicly listed Malaysian firms
title_sort ceo succession and firm performance: evidence from publicly listed malaysian firms
publisher Universiti Sains Malaysia
publishDate 2013
url http://repo.uum.edu.my/16063/1/4.pdf
http://repo.uum.edu.my/16063/
http://web.usm.my/journal/aamjaf/vol9_2_2013.html
_version_ 1644281871494807552
score 13.211869

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