Functions, Age, Education, Tenure of CEO, and Employee Commitment Toward
                        Firm Performance

Kusumasari, Lita

doi:10.18502/kss.v3i10.3361

Cited by 4 publications

(14 citation statements)

References 3 publications

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“…These results do not support the research conducted by Diks (2016), Emestine & Setyaningrum (2019), Hidayati (2017), Sudana & Aristina (2017), which state that having a long tenure CEO will improve firm performance. This result is in line with research conducted by Arbogast & Mirabella (2014) and Kusumasari (2018), which state that CEO tenure does not affect firm performance.…”

Section: Discussionsupporting

confidence: 92%

“…It could be because every age has different competitiveness from one another. Old age is with their experience and insight, while young age is careful in taking risks and understanding the situation and situation of the world market (Kusumasari, 2018). Based on these results, it can be stated that the third hypothesis (H3), which states that CEO age has a positive and significant effect on firm performance, is rejected.…”

Section: Discussionmentioning

confidence: 96%

“…It is because CEOs with a long tenure may be in their comfort zone. Market situations and conditions are unstable, and changes are inevitable, so companies need fresh thinking to create a competitive firm, and this may be the reason for not having a CEO with a long tenure (Kusumasari, 2018). Based on these results, it can be stated that the second hypothesis (H2), which states that CEO tenure has a positive and significant effect on firm performance, is rejected.…”

Section: Discussionmentioning

confidence: 99%

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The Effect of CEO Characteristics on Firm Performance of Food and Beverage Companies in Indonesia, Malaysia and Singapore

2022

QAS

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This study aims to investigate the effect of CEO characteristics [used five surrogate indicators: 1) CEO gender, 2) CEO tenure, 3) CEO age 4) CEO education and 5) CEO nationality] on firm performance [applied four measures: 1) Return On Asset (ROA), 2) Return On Equity (ROE), 3) Return On Sales (ROS) and 4) Tobin's Q] in the context of food and beverage firms in Indonesia, Malaysia and Singapore. The sample was screened from 50 food and beverage firms consisting of 16 Indonesian firms, 19 Malaysian firms and 15 Singapore firms. The period of observation ranged from 2013 to 2018. This study uses panel data regression analysis, including the fixed effect model (FEM) with clustered standard errors. The empirical results showed that CEO gender has a significant effect on firm performance measured with Tobin's Q. Meanwhile, CEO gender does not have a significant effect to firm performance measured with ROA, ROE, and ROS. Furthermore, CEO nationality has a significant effect on firm performance measured with ROA and Tobin's Q but not significant measured with ROE and ROS. However, CEO tenure, CEO age and CEO education does not have significant effect on firm performance from the 5 indicator. At the end, from the robustness tests confirmed that CEO education is not significantly affect firm performance (all measures), and CEO nationality is significantly affect Tobin's Q in Indonesia, Malaysia, and Singapore in the main regressions.

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Section: Discussionsupporting

confidence: 92%

Section: Discussionmentioning

confidence: 96%

Section: Discussionmentioning

confidence: 99%

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The Effect of CEO Characteristics on Firm Performance of Food and Beverage Companies in Indonesia, Malaysia and Singapore

2022

QAS

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“…Results demonstrate that higher tenure improve the financial performance of the selected companies. In contrast, using a sample of 95 CEOs from the top 36 performing public-listed companies from 2009 to 2016, Kusumasari (2018) prove that there is no relationship between the two variables. Finally, Tsai et al (2006) examined the above relationship using a sample of 304 listed firms in Taiwan.…”

Section: Ceo Tenure and Firm Performancementioning

confidence: 76%

CEO Characteristics and Firm Performance: A Study of Saudi Arabia Listed Firms

Ghardallou¹,

BORGI²,

ALKHALIFAH³

2020

JAFEB

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This paper aims to investigate the impact of chief executive officer's (CEO) attributes on firms' performance. Specifically, it examines the influence of CEOs' education, professional experience, and tenure on Saudi firms' performance. We look at a sample of 120 listed firms on Tadawul stock exchange from 2014 to 2017. Data on financial and accounting variables are obtained from the annual reports of the selected companies. We follow the existing empirical literature and use a panel model and formulate three different equations using the GMM estimator. Findings prove that CEO educational background does matter. In particular, companies employing CEOs with business administration, economics, finance, or accounting degree will perform outstandingly better. Similarly, stock performance gets improved when the CEO has a postgraduate qualification, i.e., when the CEO holds an MBA, a master, or a PhD degree. Besides, results reveal that executives who have an experience in a related field will positively affect the firm's performance. Finally, evidence shows that high CEOs tenure improves corporate performance. Overall, these findings demonstrate that executives' attributes are key factors that would explain differences in Saudi firms' performance. These results would help shareholders to make the right decision in selecting CEOs to manage the company.

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“…Ernestine & Setyaningrum (2019); Hamidlal & Harymawan (2021); Sudana & Dwiputri (2018) menemukan bahwa CEO tenure berdampak positif terhadap kinerja perusahaan. Sedangkan menurut Kusumasari (2018), kinerja perusahaan tidak dipengaruhi oleh CEO tenure.…”

Section: Roaunclassified

Pengaruh CEO Characteristics terhadap Firm Performance pada Masa Pandemi COVID-19

Haneul,

Ahmad,

Siregar

2023

JBMK

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ABSTRACT This study purposes to examine the effect of CEO characteristics on the performance of financial sector companies listed on the Indonesia Stock Exchange (IDX) during the COVID-19 pandemic. This study used a sample of 72 financial sector companies listed on the IDX. The research sample was selected using purposive sampling method. Meanwhile, the analytical method used is panel data regression analysis. In this study, there were other samples that served as a comparison, namely during the pre-pandemic period. In this study it was found that CEO power had a positive and significant effect on company performance during the COVID-19 pandemic. Meanwhile, before the pandemic it was found that CEO power had no effect on company performance. Then, CEO education had a significant positive effect on company performance before the pandemic but had no effect during the pandemic. CEO narcissism and CEO tenure had no effect on company performance both before the pandemic and during the COVID-19 pandemic. ABSTRAK Tujuan dari penelitian ini adalah untuk mengetahui pengaruh karakteristik CEO terhadap kinerja perusahaan sektor keuangan yang terdaftar di Bursa Efek Indonesia (BEI) pada masa pandemi COVID-19. Pada penelitian ini digunakan sampel sebanyak 72 perusahaan sektor keuangan keuangan yang terdaftar di BEI. Sampel penelitian dipilih dengan menggunakan metode purposive sampling. Sedangkan, untuk metode analisis yang digunakan adalah analisis regresi data panel. Pada penelitian ini terdapat sampel lain yang berfungsi sebagai pembanding yaitu pada masa sebelum pandemi. Pada penelitian ini ditemukan bahwa CEO power berpengaruh positif dan signifikan terhadap kinerja perusahaan pada masa pandemi COVID-19. Sedangkan, pada sebelum pandemi ditemukan bahwa CEO power tidak berpengaruh terhadap kinerja perusahaan. Kemudian, CEO education berpengaruh positif signfikan terhadap kinerja perusahaan pada sebelum pandemi namun tidak berpengaruh pada masa pandemi. CEO narcissism dan CEO tenure tidak berpengaruh terhadap kinerja perusahaan baik pada sebelum pandemi maupun selama pandemi COVID-19.

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Functions, Age, Education, Tenure of CEO, and Employee Commitment Toward Firm Performance

Abstract: .

Cited by 4 publications

References 3 publications

The Effect of CEO Characteristics on Firm Performance of Food and Beverage Companies in Indonesia, Malaysia and Singapore

The Effect of CEO Characteristics on Firm Performance of Food and Beverage Companies in Indonesia, Malaysia and Singapore

CEO Characteristics and Firm Performance: A Study of Saudi Arabia Listed Firms

Pengaruh CEO Characteristics terhadap Firm Performance pada Masa Pandemi COVID-19

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