On the effect of CEOs’ personal characteristics in transport firm value? A stochastic frontier model

Mohamed, Ezzeddine Ben; Jarboui, Sami; Baccar, Amel; Bouri, Abdelfettah

doi:10.1016/j.cstp.2015.01.001

Cited by 19 publications

(17 citation statements)

References 36 publications

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“…For the sake of maintaining sustainable competitive advantage, certain characteristics would be required from the members of the BOD. This has been proven by Mohamed, Jarboui, Baccar, and Bouri (2015), who found that these characteristics could largely affect firm values. One of the characteristics is intelligence.…”

Section: Introductionmentioning

confidence: 78%

What characteristics of board of directors affect Indonesian bank performance?

Pangestu

Dharmastuti

2018

IJAES

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The sustainability of a firm is determined by the effectiveness of its board of directors. Hambrick and Mason’s Upper Echelon theory states that management characteristics could predict organizational outcomes. This study examines the effects of the characteristics of board of directors on the performance of publicly-traded banks in Indonesia. The measures of board characteristics are educational attainment, presence of independent directors, employment of foreign directors, compensation of directors, and age of directors. Our 58 firm-year observations from 2014-2015 were analyzed using fixed effects model. We find evidence that bank profitability is (i) positively affected by doctorate education of board members and (ii) negatively affected by remuneration of top executives. Based on our findings, we would suggest corporations to: comply with governmental regulations regarding the employment of independent directors, align the interest between principals and agents to eliminate agency problem, and accommodate board members with scholarships designated for academic development.

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Section: Introductionmentioning

confidence: 78%

What characteristics of board of directors affect Indonesian bank performance?

Pangestu

Dharmastuti

2018

IJAES

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“…To achieve this goal, managers must be financially literate to use the resources efficiently to gain a sustainable competitive advantage [49]. Educated CEOs can affect firms' resources and operational activities in a way that can yield a high value and efficiency in the long run [71]. Financial experts and CEOs are more financially sophisticated.…”

Section: The Moderating Role Of Financial Literacymentioning

confidence: 99%

The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance

2019

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The answer to the challenging question, “Should one either invest in tangible resources or intangible resources/capabilities?” is still fragmented. In prior studies, more emphasis is given to tangible resources, while intangible resources have comparatively received minor attention, despite their significant role in the success of small and medium enterprises (SMEs). Particularly the role of the intangible skills; intellectual capital, financial literacy (FL), and business experience (BE) in resource acquisition and sustainable competitive performance has missed in prior studies. Grounded on the resource-based view and upper echelon theory, this study examines the role of intellectual capital in sustainable competitive performance with a mediating role of resource acquisition. This research also assesses the moderating role of financial literacy and business experience between intellectual capital and resource acquisition. Data are collected through structured questionnaires from 384 owners/managers of Pakistani SMEs. After analyzing the data through structural equation modeling (SEM), the results indicate that intellectual capital helps managers in acquiring valuable resources, which in turn enhance sustainable competitive performance. Resource acquisition partially mediates the relation between intellectual capital and sustainable competitive performance. Financial literacy is a significant predictor of resource acquisition, but it does not significantly moderate the relation between intellectual capital and sustainable competitive performance. Business experience significantly boosts the acquisition of resources and strengthens the path between intellectual capital and resource acquisition. SMEs should encourage their managers to acquire unique, rare, and immutable external resources in the turbulent markets.

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“…2012;2014a), investment decisions (Huang et al, 2011), capital structure company and decision financing (Hackbarth, 2008;Kurniawan, 2017). Some also mention that company performance is dominated by variables that refers to the internal condition such as governance (Balachandran and Faff, 2015;Dah, 2016;Basu et al, 2016;Mohamed et al, 2015), innovation (López-Nicolás, and Meroño-Cerdán, 2011), organizational culture (Ojo, 2013), capital structure (Bistrova et al, 2011) or external conditions such as economic conditions (Lee, 2012), political situation (Li, 2010), economic growth (Chen, 2010). However, these studies ignore the role of personal manager, making further research is required to examine the role (Jindrichovska and Kubickova, 2016;Criveanu and Iordache, 2015).…”

Section: Introductionmentioning

confidence: 99%

Top Management Characteristics and Company Performance: An Empirical Analysis on Public Companies Listed in the Indonesian Stock Exchange

Fujianti¹

2018

ERSJ

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This study examines the role of the characteristics of top managers in improving the performance of companies listed in the Indonesia Stock Exchange. The sample of 40 companies from the sub sector of property, real estate, and building construction were selected based on purposive sampling technique. Supported by strong literature review, the results show the age and tenure of top managers play an important role in achieving the company performance. Moreover, the firm size is more likely able to mediate the relationship between the independent variables of age and tenure of top managers on the company performance. However, this study is not able to provide a significant evidence in terms of gender on the performance. The results underline the importance of improving the number of woman representation in top management in public companies in Indonesia.

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On the effect of CEOs’ personal characteristics in transport firm value? A stochastic frontier model

Cited by 19 publications

References 36 publications

What characteristics of board of directors affect Indonesian bank performance?

What characteristics of board of directors affect Indonesian bank performance?

The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance

Top Management Characteristics and Company Performance: An Empirical Analysis on Public Companies Listed in the Indonesian Stock Exchange

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