KEY EXECUTIVE SUCCESSION AND STOCKHOLDER WEALTH - THE INFLUENCE OF SUCCESSORS ORIGIN, POSITION, AND AGE

被引：48

作者：

DAVIDSON, WN

WORRELL, DL

CHENG, L

机构：

[1] APPALACHIAN STATE UNIV,WALKER COLL BUSINESS,DEPT MANAGEMENT,BOONE,NC 28608

[2] SO ILLINOIS UNIV,CARBONDALE,IL 62901

[3] MURRAY STATE UNIV,MURRAY,KY 42071

来源：

JOURNAL OF MANAGEMENT | 1990年 / 16卷 / 03期

关键词：

D O I：

10.1177/014920639001600309

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study uses event time methodology to test the reaction of the stock market to announcements of the appointments of 367 key executive officers in a sample of 1986 Fortune 500 companies. We found significant, positive market reactions for the total top management sample. In addition, we found differences for successor's origin, position, and age at the time of appointment. The results highlight the importance of specifying the conditions under which succession will have its different effects. © 1990, Sage Publications. All rights reserved.

引用

页码：647 / 664

页数：18

共 71 条

[1] MANAGERIAL SUCCESSION AND ORGANIZATIONAL PERFORMANCE - RECALCITRANT PROBLEM REVISITED [J].