search query: @author Parrino, R. / total: 9
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| Author: | Huson, M. R. Malatesta, P. H. Parrino, R. |
| Title: | Managerial succession and firm performance |
| Journal: | Journal of Financial Economics
2004 : NOV, VOL. 74:2, p. 237-275 |
| Index terms: | Company performance Corporate governance Top management |
| Language: | eng |
| Abstract: | This article examines the relation between CEO turnover and company financial performance. Turnover announcements are associated with significantly positive average abnormal stock returns because accounting measures of performance relative to other companies deteriorate prior to CEO turnover and improve thereafter. |
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