CEO Turnover, Earnings Persistence, Manufacturing Companies, Indonesia
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The purpose of this research is to investigate the effect of Chief Executive Officer (CEO) turnover on earnings persistence. This research is conducted in 212 companies listed in Indonesia Stock Exchange (ISX), particularly the manufacturing (various industry, consumer goods, basic industry and chemical), trading, service, and also investment companies. The finding of this research is consistent with the hypothesis that CEO turnover has impact on earnings persistence in manufacturing, trading, service, and investment companies listed in ISX. Moreover, the result indicates that voluntary CEO turnover has a significant relationship with earnings persistence, but the forced one does not. The research proves CEO turnover as one of the most crucial corporate actions as this affects the company’s accounting and market performance