Sign In
Not register? Register Now!
Essay Available:
Pages:
15 pages/β‰ˆ4125 words
Sources:
Check Instructions
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Term Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 84.24
Topic:

Effect of CEO Passing Away to the Company: Finance Event Study Analysis

Term Paper Instructions:

Need to provide Word doc Event study paper and consolidation of Excel file for the spread-sheet in detail analysis.
Event study Project: The effect of CEO passing away to the company.
This event is only for the company level.
Event Study Analysis
Requirement:
1. Statistical analysis of 30 different companies that influence of the CEO passing away to the company. The event date account as Day 0 and then find the 250 days before that event and the post of the event.
2. Please list 30 companies in the sheet(please show all the company name) and then reference them as company1, company2 , company3 …..company30 in the excel sheet, as primary resource.
Two event windows.
1. (-10~ 0 ~ 10days) event window, t=0, event day
2. (-11 ~ -250 days ) as estimation period window.
Please also provide the Excel files to provide multiple spreadsheets in detail to show all the resource and analysis you did.
Ex files: RomColumn. Price, MktData(S&P 500 comp),Mkt Adj and so on.
In the Excel sheet you might also need to use developer tools to analysis, as the example in the link given you “Revenue_example_sensitivity_06-14-2013”
And you need many additional excel tools to finished the analysis project, please provide as many as you want.
Examples of Table of Contents for the event study paper, don’t need the same format as following:
ABSTRACT
1. Introduction
Purpose of Study
2.Prior Research on CEO passing away in Relation to Market Value
Independent variables. & dependent variables
3.Prior Research on Investment and Trading Strategies
Contrarian Investment Strategy
Post Earnings and Dividend Announcement Drift
Research Summary and Hypotheses
Hypotheses
4. Research Design and Data Requirements
Data Selection, Event Study Design
Event Window
Calculating Abnormal Returns, Data Analysis
Significance Testing
5. The Market Reaction to Dividend Cuts Omissions
Initial Market Reaction
Effects of Market Capitalization, Effects of Market Valuation
Significance
6.Conclusions
7.References
8.Appendices
The event(CEO passing away) is something that happens to different companies, each at different point in time. The event date (and time) should be clearly identifiable in order to determine Day 0.(and the pre and post-event period).
There might additions requirements and considerations in the future, please keep in touch, thanks for your corporation.
Attentions: NEED TO SUMBIT ON THE Turnitin, software to check for plagiarism against other written materials. Make sure you did your own work
For the work about data:
Some information that you are accustomed to having for prior valuation work (i.e. historical stock prices to find your company’s beta relative to an index) will not be available, so you will have to improvise and find alternative ways of finding proxies for important elements.
Please collect the data and do the Excel spreadsheet first, thanks
Please send me a draft, when you finished you Excel spreadsheet work, to make sure you are in the right track.
Please use data validation, absolute cell referencing, custom formatting, naming a range in Excel
Please check the link upload on . 2019-11-06 00:59 "Event_Study_Project_001.doc" For the Requirement of the Event Study.
and check new link

Term Paper Sample Content Preview:

Finance Event Study Analysis
Student’s Name
Institutional Affiliation
Abstract
The change of guard in a firm is an integral occurrence in the growth of a business, company, or organization. The transition from one leader to a new one can sometimes have positive or adverse effects on the performance of a business. In this project, we will investigate the death of a Chief Executive Officer (CEO) and the impact it has on the operations and stock prices in a company. The span of the collected data is between the year January 2010 and November 2019. The research adopted an event study methodology to test the impact of a CEO’s death on stock prices. The event period of the study was 260 days, where -250 days covered the pre CEO death announcement period and +10 days covered post CEO death announcement. The event day was 0. The paired sampled statistics results illustrated that there was a positive average abnormal return (AAR) after and before CEO death announcement. Besides, the findings indicated that there was an optimistic cumulative average abnormal return (CAAR) after and before CEO death.
Keywords: CEO, period, findings, statistics, average abnormal return (AAR), stock prices, stock returns, death announcement, cumulative average abnormal return (CAAR), and collected data.
Finance Event Study Analysis
Introduction
The death of a CEO provides an exceptional case for exploration and evaluation. In this paper, I documented the change in stock prices before and after the demise of the CEO. Besides, I used thirty events of study to offer a detailed explanation of the impact the death of the CEO has on the company, business, or organization. The results obtained from the event study illustrates that abnormal returns are significant for companies, which entail an entrenched management system. Notably, the presence of a detailed management protocol poses a challenge for candidates who aim to succeed the slain CEO. The death of a CEO can influence the performance of a business enterprise either positively or adversely. The traditional finance theory stipulates that the vital role of a CEO is to capitalize on the wealth and investments of shareholders by formulating and setting achievable goals. CEO’s help in the spearheading and execution of business ideas, thus facilitating the growth of a company internally and externally. The decisions a CEO makes act as determinant of whether the wealth and investments of shareholders are likely to be maximized. Therefore, the death of a CEO has substantial effects on whether a business likely survives.
The market efficiency hypothesis postulates that stock prices change whenever there is new information regarding top management. For example, when the CEO of a company dies, the shares of a business enterprise are likely to depreciate, thus derailing the performance and operations of a company. The replacement of a former CEO is expected to follow two patterns: insider and outsider. Replacing a CEO with one who is an insider is intrinsic since he/she possesses more information about the company than the latter (Baker & Xuan, 2016, p. 75). For that reason, an insider CEO is likely to spur and steer the growth of the company, thus helping the business enterprise...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Term Paper Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now