Title of article
COE succession and firm performance: evidence from publicly listed Malaysian firms
Author/Authors
Ishak، Rokiah نويسنده School of Accountancy, UUM College of Business, Universiti Utara Malaysia , , Ku Ismail، Ku Nor Izah نويسنده College of Business, Universiti Utara Malaysia , , Abdullah، Shamsul Nahar نويسنده Department of Accounting, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia ,
Issue Information
دوفصلنامه با شماره پیاپی - سال 2013
Pages
20
From page
29
To page
48
Abstract
This study investigates the impact of CEO succession on the financial performance of
publicly listed Malaysian firms. A match-paired t-test and Wilcoxon 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.
Journal title
Asian Academy of Management Journal of Accounting and Finance (AAMJAF)
Serial Year
2013
Journal title
Asian Academy of Management Journal of Accounting and Finance (AAMJAF)
Record number
1754313
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