Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Ferrão, J., Esperança, J. & Curto, J. (2014). The effect of CEO turnover on a firm’s capital structure. PFN2014.
Exportar Referência (IEEE) 
J. Ferrão et al.,  "The effect of CEO turnover on a firm’s capital structure", in PFN2014, Faro, 2014
Exportar BibTeX 
@misc{ferrão2014_1713600519486,
	author = "Ferrão, J. and Esperança, J. and Curto, J.",
	title = "The effect of CEO turnover on a firm’s capital structure",
	year = "2014",
	howpublished = "Outro",
	url = "http://www.pfn2014.org"
}
Exportar RIS 
TY  - CPAPER
TI  - The effect of CEO turnover on a firm’s capital structure
T2  - PFN2014
AU  - Ferrão, J.
AU  - Esperança, J.
AU  - Curto, J.
PY  - 2014
CY  - Faro
UR  - http://www.pfn2014.org
AB  - Abstract. This article studies the effect of CEO turnover on a company's financing policy. The approach is based on the event study’s methodology, the event being a change in CEOs. We find evidence that between the year preceding the change (t-1) and the year (t+3), firms abnormally change their leverage ratio. Within three years, firms with more extreme leverage ratios converge more significantly to the industry median. The adjustment carried out by the new CEO is more relevant in the second year. Moreover, insider CEOs demonstrate greater smoothness when implementing the adjustments.  
ER  -