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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Main Authors:	Ur Rahman, Haseeb, Mohd. Yussoff Ibrahim, Ayoib Che Ahmad
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2017
Online Access:	http://journalarticle.ukm.my/11964/ http://journalarticle.ukm.my/11964/ http://journalarticle.ukm.my/11964/1/12514-62475-1-PB.pdf

id	ukm-11964
recordtype	eprints
spelling	ukm-119642018-07-31T09:15:37Z http://journalarticle.ukm.my/11964/ Physical characteristics of the Chief Executive Officer and firm accounting and market-based performance Ur Rahman, Haseeb Mohd. Yussoff Ibrahim, Ayoib Che Ahmad, 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. Penerbit Universiti Kebangsaan Malaysia 2017 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/11964/1/12514-62475-1-PB.pdf Ur Rahman, Haseeb and Mohd. Yussoff Ibrahim, and Ayoib Che Ahmad, (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 2180-3838 http://ejournal.ukm.my/ajac/issue/view/1033
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	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	Ur Rahman, Haseeb Mohd. Yussoff Ibrahim, Ayoib Che Ahmad,
spellingShingle	Ur Rahman, Haseeb Mohd. Yussoff Ibrahim, Ayoib Che Ahmad, Physical characteristics of the Chief Executive Officer and firm accounting and market-based performance
author_facet	Ur Rahman, Haseeb Mohd. Yussoff Ibrahim, Ayoib Che Ahmad,
author_sort	Ur Rahman, Haseeb
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	Penerbit Universiti Kebangsaan Malaysia
publishDate	2017
url	http://journalarticle.ukm.my/11964/ http://journalarticle.ukm.my/11964/ http://journalarticle.ukm.my/11964/1/12514-62475-1-PB.pdf
first_indexed	2023-09-18T20:01:33Z
last_indexed	2023-09-18T20:01:33Z
_version_	1777406881921236992

Physical characteristics of the Chief Executive Officer and firm accounting and market-based performance

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