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DTSTAMP:20260411T205837Z
DESCRIPTION:Fabrizio Ferri\n\nProfessor of Financial and Managerial Account
 ing\, University of Miami\n\nBoard Turnover around CEO Turnover \n\nDate: 
 Friday\, April 17\, 2026\n	Time: 10:30 AM – 12:00 PM\n	Location: Armstrong b
 uilding\, Room 375\n\n\nAbstract\n\nWe examine changes in board compositio
 n around CEO turnover events. On one hand\, firms may prefer greater board
  stability around CEO turnover events to ensure and communicate continuity
  (both internally and externally) during a time of significant change. On 
 the other hand\, the very reasons requiring a change in CEO (poor performa
 nce\, need to adopt a new strategy) may call for new skills on the board. 
 We find evidence of significant abnormal board turnover around CEO turnove
 r events – both in terms of directors’ departure and new appointments.\n\n
 The results are mostly driven by cases where the previous CEO turnover is 
 performance-driven. We then examine whether the reasons for the CEO depart
 ure\, the nature of the replacement CEO (external vs. internal) and the ex
 tent of board changes around the CEO departure are systematically associat
 ed with the performance and activity of the replacement CEO during her ten
 ure.\n
DTSTART:20260417T143000Z
DTEND:20260417T160000Z
LOCATION:Room 375\, Donald E. Armstrong Building\, CA\, QC\, Montreal\, H3A
  3L1\, 3420 rue McTavish
SUMMARY:Accounting Academic Area Workshop Series: Fabrizio Ferri
URL:/desautels/channels/event/accounting-academic-area
 -workshop-series-fabrizio-ferri-372293
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