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What causes abrupt and massive change in the top management of a successful entity in an emerging economy

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  • Md. Mamunur Rashid

Abstract

The paper examines the leading causes of abrupt and massive changes in the top management in a successful entity in an emerging economy - Islami Bank Bangladesh Limited. The paper is based on an extensive case study method. The study uses both primary and secondary sources of data. Primary data include direct conversation with various stakeholders of the bank using unstructured questionnaire. The data were collected before and after the changes in the top management. The study found the leading causes of reshuffle in top management including chairman, vice-chairman and chief executive officer are: pressure from government, involvement of a political party with the bank management - Bangladesh Jamaat-e-Islami an opposition to the present government, lack of transparency of corporate social responsibility expenditures, and pressure of foreign investors. However, no negative impacts were seen within the first month of the changes on stock prices of the bank in the country's two stock markets.

Suggested Citation

  • Md. Mamunur Rashid, 2018. "What causes abrupt and massive change in the top management of a successful entity in an emerging economy," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 10(2), pages 105-127.
    • Handle: RePEc:ids:injmfa:v:10:y:2018:i:2:p:105-127
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