Document Type
Report
Key Takeaways
CEO retirement announcements create considerable uncertainty regarding company future and yield a negative investor response, on average, of 41 basis points. • The use of uncertainty reducing language positively influences investor responses to CEO retirement announcements. • Positive language in CEO announcements also evoke a more positive investor response to retirement announcements.
Publication Date
2018
Source
Bilgili, H., Campbell, J.T., Ellstrand, A.E., & Johnson, J.L. 2017. Riding off into the sunset: Organizational sensegiving, shareholder sensemaking, and reactions to CEO retirement. Journal of Management Studies, DOI: 10.1111/joms.12264.
Disciplines
Business
Copyright
© 2018, University of South Carolina
Publication Info
Bilgili, H., Campbell, J.T., Ellstrand, A.E., & Johnson, J.L. 2017. Riding off into the sunset: Organizational sensegiving, shareholder sensemaking, and reactions to CEO retirement. Journal of Management Studies, DOI: 10.1111/joms.12264., 2018.