What causes abrupt and massive change in the top management of a successful entity in an emerging economy Online publication date: Thu, 10-May-2018
by Md. Mamunur Rashid
International Journal of Managerial and Financial Accounting (IJMFA), Vol. 10, No. 2, 2018
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.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Managerial and Financial Accounting (IJMFA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook