Does Educational Background Affect CEO Compensation And Firm Performance?

Jalbert, Terrance; Furumo, Kimberly; Jalbert, Mercedes

doi:10.19030/jabr.v27i1.907

Cited by 37 publications

(33 citation statements)

References 62 publications

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“…Jalbert et al (2010) provide evidence highlighting the importance of education of top executives in their career paths to the top. However, Gottesman and Morey (2006), and Bhagat et al (2010) show that firms, whose CEOs have more prestigious educational backgrounds, do not outperform other firms.…”

Section: Educationmentioning

confidence: 99%

Educated Professionals on Boards at Borsa Istanbul

Arioglu

2014

SSRN Journal

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This study aims to investigate the educational backgrounds and professional expertise of the directors in firms quoted at Borsa Istanbul. The findings of the study reveal that, a higher percentage of directors with advanced degrees such as PhDs, serve on various board committees, and a higher percentage of them are assigned as independent directors to the boards, compared to directors of lower educational qualifications. In addition, the findings suggest that a higher percentage of directors, who are professional experts such as accounting experts, lawyers or professors, serve on various committees of the boards, and a higher percentage of them are assigned as independent directors to boards. In contrast, a lower percentage of professional experts with advanced educational degrees serve as CEOs or chairmen of boards. These results suggest that technical skills and knowledge of directors are valued highly by companies, whereas they are not as highly valued in top managerial positions.

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Section: Educationmentioning

confidence: 99%

Educated Professionals on Boards at Borsa Istanbul

Arioglu

2014

SSRN Journal

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“…Altonji, Blom, & Meghir, 2012;Boothby & Drewes, 2006;Chia & Miller, 2008). Jalbert, Furumo, and Jalbert (2011) and Palia (2000) specifically show that academic field can affect executive compensation and position within private sector organizations.…”

Section: Earnings and Academic Fieldmentioning

confidence: 99%

Earnings Differences among Senior University Administrators: Evidence by Gender and Academic Field

Mang

2020

Canadian Journal of Higher Education

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This study examines earnings inequality by gender and academic field among senior university administrators, including presidents, vice presidents, associate and assistant vice presidents, and deans, using data from the Canadian province of Ontario. While a 4.4 percent earnings gap between male and female administrators is initially identified, much of the gap is explained by earnings inequality across academic fields and by the career experience of the administrators. Administrators who specialize in professional fields such as engineering, health sciences, law, and social work earn between 12 percent and 33 percent more than administrators who specialize in liberal fields in the humanities and social sciences.

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“…Additionally, a greater educational and 'functional' mix in SMTs may also contribute to higher issue prices (Zimmerman, 2008). In this context, officers' educational profile legitimizes an IPO firm (Cheng, Chan and Leung, 2010;Deeds, Mang and Frandsen, 2004;Jalbert, Furumo and Jalbert, 2011;Lester et al, 2006;Zimmerman, 2008) with accompanying underwriters and institutional investors. I assess this 'legitimacy' view in relation to SMT members' higher degrees.…”

Section: P B Mcguinnessmentioning

confidence: 99%

Beyond the Board Realm: Women in Senior Management and their Impact on IPO Capital Funding

McGuinness

2018

British J of Management

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This study assesses the importance of female senior managers in Chinese IPO firms debuting in Hong Kong. I define senior management teams (SMTs) in relation to IPO prospectus disclosures. For the vast majority of firms, little to no overlap exists between SMT members and board personnel. Women are much better represented in SMTs than on boards. A central hypothesis is that Chinese firms' SMT members implement business strategy while board officers provide political connections. Unlike boards, female representation at SMT level strongly supports initial valuations. Findings suggest that women offer resource dependencies, add expertise and boost capital funding. In contrast to boards, underwriter quality is increasing in female representation at SMT level. Higher‐quality underwriters also gravitate towards SMTs with stronger academic bona fides. The present study also contributes by drawing connections and prescriptions with wider upper echelons, resource dependence and stakeholder theories. Overall, findings suggest that gender‐diverse SMTs play a major role in capital funding. More gender‐inclusive SMTs thus foster both social and business objectives.

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Does Educational Background Affect CEO Compensation And Firm Performance?

Cited by 37 publications

References 62 publications

Educated Professionals on Boards at Borsa Istanbul

Educated Professionals on Boards at Borsa Istanbul

Earnings Differences among Senior University Administrators: Evidence by Gender and Academic Field

Beyond the Board Realm: Women in Senior Management and their Impact on IPO Capital Funding

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