{"title":"被抛弃:CMO离职的信号作用及其对企业价值的影响","authors":"Saad A. Alhoqail, R. Zacca, Kristopher Floyd","doi":"10.1080/10669868.2022.2106337","DOIUrl":null,"url":null,"abstract":"Abstract The aim of this study is to investigate the impact of CMO dismissal on the firm’s financial performance. Regression analysis was used to test the theoretical model based on a data set of 99 CMOs leaving their firms. Drawing upon market signal and contingency theories, the study finds evidence for the positive effect of involuntary CMO departure on the firm’s net market value and finds a firm’s profitability moderates this effect such that the impact of CMO dismissal is larger for less profitable firms.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"28 1","pages":"388 - 403"},"PeriodicalIF":1.2000,"publicationDate":"2022-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Thrown under the Bus: The Signaling Role of CMO Dismissal and its Effect on Firm Value\",\"authors\":\"Saad A. Alhoqail, R. Zacca, Kristopher Floyd\",\"doi\":\"10.1080/10669868.2022.2106337\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract The aim of this study is to investigate the impact of CMO dismissal on the firm’s financial performance. Regression analysis was used to test the theoretical model based on a data set of 99 CMOs leaving their firms. Drawing upon market signal and contingency theories, the study finds evidence for the positive effect of involuntary CMO departure on the firm’s net market value and finds a firm’s profitability moderates this effect such that the impact of CMO dismissal is larger for less profitable firms.\",\"PeriodicalId\":44266,\"journal\":{\"name\":\"Journal of East-West Business\",\"volume\":\"28 1\",\"pages\":\"388 - 403\"},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2022-08-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of East-West Business\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/10669868.2022.2106337\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of East-West Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10669868.2022.2106337","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
Thrown under the Bus: The Signaling Role of CMO Dismissal and its Effect on Firm Value
Abstract The aim of this study is to investigate the impact of CMO dismissal on the firm’s financial performance. Regression analysis was used to test the theoretical model based on a data set of 99 CMOs leaving their firms. Drawing upon market signal and contingency theories, the study finds evidence for the positive effect of involuntary CMO departure on the firm’s net market value and finds a firm’s profitability moderates this effect such that the impact of CMO dismissal is larger for less profitable firms.
期刊介绍：
Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.
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