CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange
AbstractThis study conducted on HOSE-listed companies for the period 2016–2020 examines the influence of chief executive officer (CEO) attributes on company performance. The System GMM methodology is applied to estimate and test dynamic panel data models. We investigate a fairly large number of CEO...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-10-01
|
| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2282838 |
| _version_ | 1797575723028840448 |
|---|---|
| author | Dzung Viet Nguyen Ngan Hoang-Kim Nguyen Tien Thuy Dinh |
| author_facet | Dzung Viet Nguyen Ngan Hoang-Kim Nguyen Tien Thuy Dinh |
| author_sort | Dzung Viet Nguyen |
| collection | DOAJ |
| description | AbstractThis study conducted on HOSE-listed companies for the period 2016–2020 examines the influence of chief executive officer (CEO) attributes on company performance. The System GMM methodology is applied to estimate and test dynamic panel data models. We investigate a fairly large number of CEO attributes including four socio-demographic and five corporate governance-related ones. For the socio-demographic attributes, the results indicate that female gender, below postgraduate education, domestic nationality and older age are the CEO traits that contribute to improve firm performance. With regard to the corporate governance-related attributes, this study provides statistical evidence that shorter CEO tenure, CEO-chairman duality, founder CEO, insider CEO and lower CEO ownership are the characteristics that enhance firm performance. The findings may offer valuable insights to shareholders when they expect to recruit the most qualified CEO to serve their benefits and increase their company performance. |
| first_indexed | 2024-03-10T21:42:18Z |
| format | Article |
| id | doaj.art-fb5a1aab30dd4c979d186c9ee4763765 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-10T21:42:18Z |
| publishDate | 2023-10-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-fb5a1aab30dd4c979d186c9ee47637652023-11-19T14:36:44ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-10-0111210.1080/23322039.2023.2282838CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock ExchangeDzung Viet Nguyen0Ngan Hoang-Kim Nguyen1Tien Thuy Dinh2Faculty of Banking and Finance, Foreign Trade University, Hanoi, VietnamPwC, Hanoi, VietnamFaculty of Banking and Finance, Foreign Trade University, Hanoi, VietnamAbstractThis study conducted on HOSE-listed companies for the period 2016–2020 examines the influence of chief executive officer (CEO) attributes on company performance. The System GMM methodology is applied to estimate and test dynamic panel data models. We investigate a fairly large number of CEO attributes including four socio-demographic and five corporate governance-related ones. For the socio-demographic attributes, the results indicate that female gender, below postgraduate education, domestic nationality and older age are the CEO traits that contribute to improve firm performance. With regard to the corporate governance-related attributes, this study provides statistical evidence that shorter CEO tenure, CEO-chairman duality, founder CEO, insider CEO and lower CEO ownership are the characteristics that enhance firm performance. The findings may offer valuable insights to shareholders when they expect to recruit the most qualified CEO to serve their benefits and increase their company performance.https://www.tandfonline.com/doi/10.1080/23322039.2023.2282838corporate governanceCEO attributesfirm performanceHOSE-listed companiesVietnam |
| spellingShingle | Dzung Viet Nguyen Ngan Hoang-Kim Nguyen Tien Thuy Dinh CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange Cogent Economics & Finance corporate governance CEO attributes firm performance HOSE-listed companies Vietnam |
| title | CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange |
| title_full | CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange |
| title_fullStr | CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange |
| title_full_unstemmed | CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange |
| title_short | CEO attributes and firm performance: Evidence from companies listed on Ho Chi Minh Stock Exchange |
| title_sort | ceo attributes and firm performance evidence from companies listed on ho chi minh stock exchange |
| topic | corporate governance CEO attributes firm performance HOSE-listed companies Vietnam |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2282838 |
| work_keys_str_mv | AT dzungvietnguyen ceoattributesandfirmperformanceevidencefromcompanieslistedonhochiminhstockexchange AT nganhoangkimnguyen ceoattributesandfirmperformanceevidencefromcompanieslistedonhochiminhstockexchange AT tienthuydinh ceoattributesandfirmperformanceevidencefromcompanieslistedonhochiminhstockexchange |