Title

Ceo And Chairperson Characteristics And Firm Performance

Keywords

CEO characteristics; Chairperson characteristics; Corporate governance; Executive gender; Firm performance

Abstract

This paper focuses on the relationship between Chief Executive Officer (CEO) and Chairperson characteristics and firm performance. Specifically, the study examines the association between the characteristics of the CEO and the Chairperson of the board and firm performance. Using a sample of S&P 500 firms, the evidence found suggests that demographic and experience-related characteristics may be associated with the market valuation and financial performance of the firm. In particular, the reported results indicate a positive relationship between the presence of female CEOs or Chairs and firm performance, thus suggesting that gender-based differences may affect the CEO's/Chairperson's success. Moreover, the findings concerning the age of the CEO or Chair are mixed, while their experience and quality appear positively related to firm performance. Interestingly, a CEO or Chairperson holding multiple board seats is negatively associated with firm performance, whereas CEO duality has a positive relationship with Tobin's Q and the return on assets (ROA) of the firm. © 2012 Springer Science+Business Media, LLC.

Publication Date

2-1-2014

Publication Title

Journal of Management and Governance

Volume

18

Issue

1

Number of Pages

185-205

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1007/s10997-012-9224-7

Socpus ID

84891659172 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84891659172

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