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http://dx.doi.org/10.5762/KAIS.2014.15.4.2526

The Effects of CEO Turnover on Stock Returns  

Lee, Hae-Young (College of Business Administration, Kangnam University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.15, no.4, 2014 , pp. 2526-2531 More about this Journal
Abstract
This paper has analyzed the effects of CEO turnover and other fundamental variables on stock returns. Therefore, the major purpose of this study is to analyze CEO turnover having a systematical effect on the stock return. The paper uses panel data analysis. We find that the results of regressions say that CEO turnover, book-to-market ratio, earning-to-price ratio, cash flow-to-price ratio, and firm size can explain the differences in average returns across stocks.
Keywords
CEO turnover; panel data analysis; book-to-market ratio; earning-to-price ratio; cash flow-to-price ratio;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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