Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance
Despite the key role of the Chief Executive Officer (CEO), extant literature pays little attention to the physical characteristics of the CEO.Therefore, this paper investigates certain physical characteristics - such as age, gender, ethnicity and nationality of the CEO in relation to accounting (RO...
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my.uum.repo.235862018-03-15T01:30:35Z http://repo.uum.edu.my/23586/ Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance Rahman, Haseeb Ur Ibrahim, Mohd Yussoff Che Ahmad, Ayoib HF5601 Accounting Despite the key role of the Chief Executive Officer (CEO), extant literature pays little attention to the physical characteristics of the CEO.Therefore, this paper investigates certain physical characteristics - such as age, gender, ethnicity and nationality of the CEO in relation to accounting (ROE) and market-based (market value) firm performance.The paper applies OLS with robust standard errors to a panel composed of 1600 firm-year observations of non-financial Malaysian listed companies between 2010 and 2014.The results reveal that the ethnicity (Chinese) and nationality (foreign) of a CEO have a significant positive association with both proxies of firm performance, while the age of the CEO has no significant effect.Moreover, a female CEO has an insignificant and significant positive relation with ROE and firm market value, respectively.Alongside contributing to the limited literature that exists in relation to the subject, the paper provides important insights for regulators, shareholders, investors, banks, corporate boards and financial institutions in regards to the evaluation of firms and the allocation of economic resources. UKM Press 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/23586/1/AJAG%208%202017%2027%2037.pdf Rahman, Haseeb Ur and Ibrahim, Mohd Yussoff and Che Ahmad, Ayoib (2017) Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance. Asian Journal of Accounting and Governance, 8. pp. 27-37. ISSN 21803838 http://doi.org/10.17576/AJAG-2017-08-03 doi:10.17576/AJAG-2017-08-03 |
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HF5601 Accounting Rahman, Haseeb Ur Ibrahim, Mohd Yussoff Che Ahmad, Ayoib Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
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Despite the key role of the Chief Executive Officer (CEO), extant literature pays little attention to the physical characteristics
of the CEO.Therefore, this paper investigates certain physical characteristics - such as age, gender, ethnicity and nationality of the CEO in relation to accounting (ROE) and market-based (market value) firm performance.The paper applies OLS with robust standard errors to a panel composed of 1600 firm-year observations of non-financial Malaysian listed companies between 2010 and 2014.The results reveal that the ethnicity (Chinese) and nationality (foreign) of a CEO have a significant positive association with both proxies of firm performance, while the age of the CEO has no significant effect.Moreover, a female CEO has an insignificant and significant positive relation with ROE and firm market value, respectively.Alongside contributing to the limited literature that exists in relation to the subject, the paper provides important insights for regulators, shareholders, investors, banks, corporate boards and financial institutions in regards to the evaluation of firms and the allocation of economic resources. |
format |
Article |
author |
Rahman, Haseeb Ur Ibrahim, Mohd Yussoff Che Ahmad, Ayoib |
author_facet |
Rahman, Haseeb Ur Ibrahim, Mohd Yussoff Che Ahmad, Ayoib |
author_sort |
Rahman, Haseeb Ur |
title |
Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
title_short |
Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
title_full |
Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
title_fullStr |
Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
title_full_unstemmed |
Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance |
title_sort |
physical characteristics of the chief executive officer and firm accounting and market-based performance |
publisher |
UKM Press |
publishDate |
2017 |
url |
http://repo.uum.edu.my/23586/1/AJAG%208%202017%2027%2037.pdf http://repo.uum.edu.my/23586/ http://doi.org/10.17576/AJAG-2017-08-03 |
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