The programming committee for the 78th Annual SAM International Business Conference is pleased to announce the acceptance of the presentation CEO Succession: A threat or a Good for Stock Performance by Syeda Urooj and Nousheen Zafar from FUUAST and AGPR Islamabad.
Presentation Abstract: Chief Executive Officers (CEOs) are the backbone of every corporation, and they are primarily responsible for increasing profits and stock prices. The purpose of the study was to determine the influence of CEO succession on stock market performance. The Companies’ CEO successions listed on the Pakistan Stock Exchange from 2005 to 2020 have been studied. For this, regression analysis and an event window of (+12, -12) months were used. Only two types of analysis are used to back up the findings. We used CEO shift as a dummy variable in regression analysis. The stock market results are regarded as a dependent variable. The findings revealed that a change in CEO has no effect on stock returns in the period preceding the change. However, both regression and event window analyses have uncovered evidence of large negative results in the aftermath of a CEO change. It is critical to concentrate on similar research with a larger target sample. It has been established that when a new CEO is appointed, the impact on the organization as well as stock performance must be given top priority while implementing and holding changes that are likely to occur in a given firm.
Join us online to see this great paper and many more March 13 – March 18, 2023. For registration information visit www.samnational.org/conference.