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BOARD CHANGES AND THE EFFICIENCY OF THE NIGERIAN STOCK MARKET

Olatundun Adelegan

DOI: 10.22495/cbv3i2art1

Abstract

This study provides some evidence on shareholders wealth effects of management board changes in Nigeria from 1997 to 2005. The study presents the total wealth effect and also distinguishes the wealth effects of announcements of new appointments, board resignations and retirements, death and mixed announcements.

Key words: Board Changes, Stock Market, Shareholders Wealth Effect

How to cite this paper: Adelegan, O. (2007). Board changes and the efficiency of the Nigerian stock market. Corporate Board: role, duties and composition, 3(2), 7-23. http://doi.org/10.22495/cbv3i2art1

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