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Kapitalmarktreaktionen auf die Ankündigung des Wechsels von Vorstandsvorsitzenden in den Aufsichtsrat bei deutschen Unternehmen

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  • Jens Grigoleit

Abstract

In dem Beitrag werden die Kapitalmarktreaktionen auf die Ankündigung eines Wechsels des Vorstandsvorsitzenden eines Unternehmens in dessen Aufsichtsrat untersucht. Dazu wird ein Sample von insgesamt 174 Führungswechseln (davon 65 verbunden mit der Ankündigung eines Wechsels des ehemaligen Vorstandsvorsitzenden in den Aufsichtsrat) mittels der Ereignisstudienmethodik untersucht. Im Ergebnis kann weder eine eindeutig negative noch eine eindeutig positive Reaktion auf die Ankündigung eines Wechsels vom Vorstand in den Aufsichtsrat nachgewiesen werden. Copyright Springer-Verlag 2011

Suggested Citation

  • Jens Grigoleit, 2011. "Kapitalmarktreaktionen auf die Ankündigung des Wechsels von Vorstandsvorsitzenden in den Aufsichtsrat bei deutschen Unternehmen," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 21(2), pages 131-157, January.
    • Handle: RePEc:spr:metrik:v:21:y:2011:i:2:p:131-157
    DOI: 10.1007/s00187-010-0102-7
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    3. Andres, Christian & Fernau, Erik & Theissen, Erik, 2012. "Is it better to say goodbye? When former executives set executive pay," CFR Working Papers 12-02, University of Cologne, Centre for Financial Research (CFR).

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