Share price reactions to CEO resignations in Finnish stock markets

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorKokkonen, Joni
dc.contributor.authorHenriksson, Jaakko
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2020-12-06T17:00:13Z
dc.date.available2020-12-06T17:00:13Z
dc.date.issued2019
dc.description.abstractIn this paper, I examine how Finnish stock markets react to CEO departures. The sample of this study consists of 130 CEO resignation announcements from 1.1.2010 to 1.1.2019. Throughout the period, there have been 130 CEO resignations in 92 different companies. I found out that abnormal returns surrounding the departures depend strongly on whether the resignation announcement includes the nomination of a successor. In addition, this study suggests that forced resignations lead to positive abnormal returns. The results mentioned above are statistically significant.fi
dc.format.extent2+18
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/97259
dc.identifier.urnURN:NBN:fi:aalto-2020120656093
dc.language.isofien
dc.programmeRahoitusen
dc.subject.keywordResignationfi
dc.subject.keywordStockfi
dc.subject.keywordShare pricefi
dc.subject.keywordEvent studyfi
dc.titleShare price reactions to CEO resignations in Finnish stock marketsfi
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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