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• W1966866492 abstract "Using event study methodology, this paper examines the immediate investor reaction to foreign and domestic CEO succession announcements in internationalised firms and analyses whether the stock market reacts differently to the two. Results suggest that crossover successions (e.g. where a foreigner follows a domestic CEO) lead to a significant negative reaction during the days immediately surrounding the succession event, whereas regular, i.e. non-crossover, successions are not associated with significant abnormal returns. It is concluded that the stock market punishes socio-cultural dissimilarity between successor and predecessor because it contributes to uncertainty about the succession." @default.
• W1966866492 created "2016-06-24" @default.
• W1966866492 creator A5057194452 @default.
• W1966866492 date "2010-01-01" @default.
• W1966866492 modified "2023-10-02" @default.
• W1966866492 title "New brooms: the stock market reaction to foreign CEO succession in Switzerland" @default.
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• W1966866492 doi "https://doi.org/10.1504/ejim.2010.034964" @default.
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