Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
© 2016 Eduardo A. Ramirez
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.
Ramirez, Eduardo A., "Does Size and Industry Affect CEO Performance? The Effect of CEO Succession Announcements on Firm Value" (2016). CMC Senior Theses. 1410.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.