{"id":"https://openalex.org/W1994056418","doi":"https://doi.org/10.1108/03074350910960364","title":"Sudden CEO vacancy and the long\u2010run economic consequences","display_name":"Sudden CEO vacancy and the long\u2010run economic consequences","publication_year":2009,"publication_date":"2009-05-23","ids":{"openalex":"https://openalex.org/W1994056418","doi":"https://doi.org/10.1108/03074350910960364","mag":"1994056418"},"language":"en","primary_location":{"id":"doi:10.1108/03074350910960364","doi":"https://doi.org/10.1108/03074350910960364","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350910960364","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001552324","display_name":"Neophytos Lambertides","orcid":"https://orcid.org/0000-0003-2864-1793","observed_orcids":["https://orcid.org/0000-0003-2864-1793"]},"institutions":[{"id":"https://openalex.org/I169199633","display_name":"Aston University","ror":"https://ror.org/05j0ve876","country_code":"GB","type":"education","lineage":["https://openalex.org/I169199633"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Neophytos Lambertides","raw_affiliation_strings":["Aston Business School, Aston University, Aston Triangle, Birmingham, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Aston Business School, Aston University, Aston Triangle, Birmingham, UK","institution_ids":["https://openalex.org/I169199633"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5001552324"],"corresponding_institution_ids":["https://openalex.org/I169199633"],"apc_list":null,"apc_paid":null,"fwci":1.1844,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.90326037,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"35","issue":"7","first_page":"645","last_page":"661"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12843","display_name":"Human Resource and Talent Management","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/ceo-succession","display_name":"CEO succession","score":0.9660000205039978},{"id":"https://openalex.org/keywords/ceo-turnover","display_name":"CEO turnover","score":0.8539999723434448},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.8899999856948853},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.7710000276565552},{"id":"https://openalex.org/keywords/ceo-retirement","display_name":"CEO retirement","score":0.5550000071525574},{"id":"https://openalex.org/keywords/market-reaction","display_name":"market reaction","score":0.6240000128746033},{"id":"https://openalex.org/keywords/long-run-stock-returns","display_name":"long-run stock returns","score":0.4560000002384186}],"concepts":[{"id":"https://openalex.org/C75306776","wikidata":"https://www.wikidata.org/wiki/Q7632662","display_name":"Successor cardinal","level":2,"score":0.7024903893470764},{"id":"https://openalex.org/C150117547","wikidata":"https://www.wikidata.org/wiki/Q188230","display_name":"Ecological succession","level":2,"score":0.6678207516670227},{"id":"https://openalex.org/C12958728","wikidata":"https://www.wikidata.org/wiki/Q1002530","display_name":"Event study","level":3,"score":0.4913252890110016},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.48626792430877686},{"id":"https://openalex.org/C64487391","wikidata":"https://www.wikidata.org/wiki/Q1144384","display_name":"Succession planning","level":2,"score":0.4705881178379059},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.44630002975463867},{"id":"https://openalex.org/C2986265317","wikidata":"https://www.wikidata.org/wiki/Q484876","display_name":"Chief executive officer","level":2,"score":0.44004788994789124},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3416786193847656},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3338831961154938},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.2070659101009369},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14662161469459534},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.1340961754322052},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.09283336997032166},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/03074350910960364","doi":"https://doi.org/10.1108/03074350910960364","is_oa":false,"landing_page_url":"https://doi.org/10.1108/03074350910960364","pdf_url":null,"source":{"id":"https://openalex.org/S184351885","display_name":"Managerial Finance","issn_l":"0307-4358","issn":["0307-4358","1758-7743"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Managerial Finance","raw_type":"journal-article"},{"id":"pmh:oai:ktisis.cut.ac.cy:20.500.14279/14542","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/20.500.14279/14542","pdf_url":null,"source":{"id":"https://openalex.org/S4306400897","display_name":"Ktisis at Cyprus University of Technology (Cyprus University of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I163151358","host_organization_name":"Cyprus University of Technology","host_organization_lineage":["https://openalex.org/I163151358"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W1975937955","https://openalex.org/W1976719508","https://openalex.org/W1990643312","https://openalex.org/W2001140405","https://openalex.org/W2011548533","https://openalex.org/W2013209157","https://openalex.org/W2032042139","https://openalex.org/W2035454791","https://openalex.org/W2037258109","https://openalex.org/W2039912284","https://openalex.org/W2041889606","https://openalex.org/W2056566065","https://openalex.org/W2066778800","https://openalex.org/W2110321237","https://openalex.org/W2111255674","https://openalex.org/W2120824778","https://openalex.org/W2120969441","https://openalex.org/W2125873483","https://openalex.org/W2130358248","https://openalex.org/W2148663024","https://openalex.org/W2172038461","https://openalex.org/W2172128317","https://openalex.org/W2313077258","https://openalex.org/W2315902491","https://openalex.org/W2322717852","https://openalex.org/W2323152377","https://openalex.org/W2326208397","https://openalex.org/W4233156854","https://openalex.org/W4234894924","https://openalex.org/W4240307802","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2595363085","https://openalex.org/W2080453520","https://openalex.org/W7005884890","https://openalex.org/W4295012146","https://openalex.org/W2865832485","https://openalex.org/W3112382026","https://openalex.org/W2172128317","https://openalex.org/W2298655526","https://openalex.org/W6989803700","https://openalex.org/W2613151579"],"abstract_inverted_index":{"Purpose":[0],"The":[1,78],"aim":[2],"of":[3,13,67,157,185,192,207,241,246],"this":[4,95,118,161],"paper":[5,218],"is":[6,90,219],"to":[7,24,59,128,141,148,199,221,226],"examine":[8,228],"the":[9,33,41,74,81,114,135,154,183,186,190,201,204,208,213,223,229,239,242,247,250],"long\u2010term":[10,155,235],"abnormal":[11,61,107],"returns":[12,62],"firms":[14,39,99,122,170],"that":[15,88,98,100,110,121,123,166],"have":[16,105,149],"experienced":[17],"chief":[18],"executive":[19],"officer":[20],"(CEO)":[21],"succession.":[22],"According":[23],"Chief":[25],"Executive":[26],"magazine,":[27],"directors":[28],"rank":[29],"CEO":[30,51,103,125,129,142,209,232],"succession":[31,52,75,89,139,210],"as":[32],"second":[34],"most":[35],"important":[36],"issue":[37],"their":[38],"face,":[40],"first":[42,83,224],"being":[43],"strategic":[44],"planning.":[45],"Design/methodology/approach":[46],"This":[47,217],"study":[48,96,119,162,256],"examines":[49],"202":[50],"announcements.":[53],"It":[54],"utilizes":[55],"two":[56,64],"returns\u2010generating":[57],"models":[58],"calculate":[60],"for":[63],"estimation":[65],"windows":[66],"200":[68],"trading":[69],"days":[70],"before":[71],"and":[72,212,234,245],"after":[73],"event.":[76,93],"Findings":[77],"results":[79,187],"support":[80],"theory":[82],"developed":[84],"by":[85,252],"Guest":[86],"(1962)":[87],"an":[91,254],"adaptive":[92],"Specifically,":[94],"shows":[97,120],"experience":[101,124],"a":[102],"change":[104,126],"positive":[106],"returns,":[108],"suggesting":[109],"new":[111],"CEOs":[112],"raise":[113,171],"firm":[115,132,236],"performance.":[116],"Moreover,":[117],"due":[127,140],"retirement":[130],"improve":[131],"performance":[133,156,172,237],"in":[134],"post\u2010succession":[136],"period,":[137],"whereas":[138],"sudden":[143],"death":[144],"or":[145],"illness":[146],"seems":[147],"no":[150],"direct":[151],"effect":[152],"on":[153,189],"these":[158],"firms.":[159],"Finally,":[160],"provides":[163],"strong":[164],"evidence":[165],"outside":[167],"successions":[168],"help":[169],"more":[173],"than":[174],"inside":[175],"successions.":[176],"Research":[177],"limitations/implications":[178],"Like":[179],"any":[180],"empirical":[181],"event\u2010study,":[182],"validity":[184],"depends":[188],"absence":[191],"confounding":[193],"events.":[194],"Future":[195],"research":[196],"could":[197],"be":[198,222],"explore":[200],"relationship":[202],"between":[203,231],"information":[205],"content":[206],"announcement":[211],"market":[214],"reaction.":[215],"Originality/value":[216],"believed":[220],"attempt":[225],"empirically":[227],"relation":[230],"turnover":[233],"through":[238],"analysis":[240],"successor's":[243],"origin":[244],"force":[248],"initiating":[249],"change,":[251],"using":[253],"event":[255],"methodology.":[257]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}