Interesting Studies and Facts of Drug Ma
β¦ LIBER β¦
Leadership change and shareholder value: How markets react to the appointments of women
β Scribed by Alison Cook; Christy Glass
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 194 KB
- Volume
- 50
- Category
- Article
- ISSN
- 0090-4848
No coin nor oath required. For personal study only.
β¦ Synopsis
This study examines whether the appointment of women into senior leadership positions has a more positive effect on share price than the appointment of men into equivalent positions. Our dependent variable is the degree of change in share price following the announcement of men and women into senior leadership positions. Although market reactions to corporate events represent a complex process, we argue that changes in stock price represent a barometer for how investors assess the decision's potential effect on a corporation's short-and long-term economic viability. We fi nd a signifi cant spike in stock price following the announcement of women into top leadership positions. The size and direction of change in stock price, however, is moderated by the gender composition of the industry.
π SIMILAR VOLUMES