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The impact of resumption of former top executives on stock prices: an event study approach

    Tai-Ning Yang Affiliation

Abstract

This study explored the impact of resumption of former top executives on stock prices based on market model for the listed corporations in Taiwan stock market. Top executives nowadays confront great challenges in acquiring new corporate accounts to meet agreed targets and drive rapid, profitable growth. Accordingly, corporations commonly decide to reinstate former top executives since their managerial experience is expected to improve corporate performance. The aim of this study is to provide practical guidelines for companies that are considering such decisions and favorable information that can help investors to adjust their portfolios in response to such potential decisions.

Keyword : resumption, former top executives, stock prices, market model

How to Cite
Yang, T.-N. (2013). The impact of resumption of former top executives on stock prices: an event study approach. Journal of Business Economics and Management, 14(2), 292-302. https://doi.org/10.3846/16111699.2011.634922
Published in Issue
May 7, 2013
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Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.