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

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Abstract

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.

Item Type:	Article
Uncontrolled Keywords:	CEO Physical Characteristics; Firm Accounting and Market-based Performance; Non-financial Malaysian Listed Companies
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	15 Mar 2018 01:30
Last Modified:	15 Mar 2018 01:30
URI:	https://repo.uum.edu.my/id/eprint/23586

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