Graduation Year
2016
Date of Submission
4-2016
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Darren Filson
Terms of Use & License Information
Rights Information
© 2016 Eduardo A. Ramirez
Abstract
This study expands on previous research regarding the effect of CEO performance on firm value. An event study is conducted using a market model of CEO successions and daily returns in order to generate predicted returns. Two separate regressions are run using a 3 day and 5 day event window respectively. The results of the regressions are using to compare abnormal returns between industries and market capitalization. While some daily abnormal returns are statistically significant, cross-sectional analysis of CAR are for the most part not significant. Further study is needed in order to come to a stronger conclusion.
Recommended Citation
Ramirez, Eduardo A., "Does Size and Industry Affect CEO Performance? The Effect of CEO Succession Announcements on Firm Value" (2016). CMC Senior Theses. 1410.
https://scholarship.claremont.edu/cmc_theses/1410
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
