创业板高管离职事件对股价影响的实证分析

An Empirical Analysis on the ChiNext Executives Leave’s Impact on the Stock Price

本文运用事件研究法,对创业板高管离职事件对股价的影响进行实证分析。研究表明:在中短期内,高管离职事件会对股价产生负面影响,其中在事件发生前后共15个交易日内的影响最大,但在短期内对股价的影响不明显。本文还总结了不同类型高管离职对于股价的不同影响。

The article analyzes the impact of ChiNext listed company＇s executives leave on stock price using Event Study. The result showed that： the cases of ChiNext listed company＇s executives leave did have a negative impact on stock price in the mid- short term and have a unclear impact in the short term, and the biggest impact was in the event window [-7,＋7] days. The article also summarizes different kind of leave＇ impact on stock price and volume.