Citation
Wan Mohammad, Wan Masliza and Sheikh Ahmad, Siti Nurhani and Kumaraswamy, Sumathi and Mohd Zaini, Rapiah and Mohd Nor, Azleen Shabrina (2020) CEO succession origin, types and its effect on performance in Malaysia. Advanced International Journal of Business, Entrepreneurship and SMEs, 2 (6). pp. 10-22. ISSN 2682-8545
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Abstract
The purpose of this study is to investigate the effect of CEO succession origin (Internal versus External), types (Voluntary and Force) on firms’ performance. The effect of CEO succession on firms’ performance is investigated using a sample size of 80 firms which consists of 40 firms that had been identified from the list in Bursa Malaysia to have experienced CEO succession and 40 firms that do not experience CEO succession in the year 2014. All financial data and variables are gathered from annual reports and Emerging Market Information System (EMIS). The findings of this study indicate that CEO origin has no effect on performance. However, the study found positive association between forced CEO successions on performance. Our finding suggests forced change in the CEOs improve the performance over the lag two years’ period. The appointment of new CEOs via forced, allows for comprehensive change in the strategy, business operations and firm’s future growth
Item Type: | Article |
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Uncontrolled Keywords: | CEO, succession, corporate governance, performance |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD9000-9999 Special industries and trades |
Divisions: | Faculty of Management (FOM) |
Depositing User: | Ms Rosnani Abd Wahab |
Date Deposited: | 05 Oct 2021 02:17 |
Last Modified: | 05 Oct 2021 02:17 |
URII: | http://shdl.mmu.edu.my/id/eprint/8459 |
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