Silverback CEOs: Age, experience, and firm value

Cline, Brandon N.; Yore, Adam S.

doi:10.1016/j.jempfin.2015.11.002

Cited by 65 publications

(56 citation statements)

References 42 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Therefore, the present paper simultaneously investigates certain physical characteristics of a CEO, such as age, gender, ethnicity and nationality, in relation to both the accounting (ROE) and market-based performance (market value) of non-financial listed companies of Malaysia, a developing country, between 2010 and 2014. The simultaneous use of certain physical characteristics of a CEO, two proxies of firm performance and in the context of a developing country in a single study enriches extant literature, which either focuses on accounting (Bhagat et al 2010;Zhang & Rajagopalan 2009) or market-based performance in developed countries (Butt et al 2012;Cline & Yore 2016;Ewart 2014).…”

Section: Introductionmentioning

confidence: 92%

“…Therefore, senior CEOs focus on the short-term, rather than long-term, objectives of the firm. Also, senior CEOs are found to be unskilled in regards to estimations; corrective measures; decisive actions; and critical decisions (Cline & Yore 2016;Jalbert, Rao & Jalbert 2002). Accordingly, the death of a senior CEO results in high-value gains (Jenter, Matveyev & Roth 2015).…”

Section: Ceo Age and Firm Performancementioning

confidence: 99%

“…Accordingly, the death of a senior CEO results in high-value gains (Jenter, Matveyev & Roth 2015). Many empirical studies also find that senior CEOs have a significant negative association with firm market value (Cline & Yore 2016;Jalbert et al 2002) and the ROA of government-linked companies (Amran et al 2014). Unlike senior CEOs, young CEOs are adept in regards to creativity and acquainted with emerging technologies and trends.…”

Section: Ceo Age and Firm Performancementioning

confidence: 99%

“…However, most studies are conducted in developed countries; and focus on a single characteristic of the CEO, such as origin (Zhang & Rajagopalan 2009); age (Ewart 2014;Serfling 2013); gender (Adams et al 2007;Ewart 2014;Serfling 2013); education (Bhagat et al 2010); experience (Cline & Yore 2016); salary (Ewart 2014); ethnicity (Mycroft 2012); and nationality (Jalbert et al 2007). With the exception of Butt et al (2012); Ewart (2014); and Cline & Yore (2016), such studies investigate the impact of CEO characteristics on firms' accounting performance as an outcome variable.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance

Rahman

Ibrahim

Ahmad

2017

AJAG

View full text Add to dashboard Cite

show abstract

Section: Introductionmentioning

confidence: 92%

Section: Ceo Age and Firm Performancementioning

confidence: 99%

Section: Ceo Age and Firm Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance

Rahman

Ibrahim

Ahmad

2017

AJAG

View full text Add to dashboard Cite

show abstract

“…Ting, Azizan, and Kweh (2015) found that younger CEOs are more likely to be aggressive and risk-taking. While Cline & Yore (2016) found that the age of S&P firm CEOs were negatively related to firm value and performance. The financial industry is one of the most exposed industries due to the occurences of global financial crisis.…”

Section: Introductionmentioning

confidence: 95%

What characteristics of board of directors affect Indonesian bank performance?

Pangestu

Dharmastuti

2018

IJAES

View full text Add to dashboard Cite

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.

show abstract

Gender diversity inclusive board structure and firm performance: Evidence from West Africa

Tuo

Tesfagebreal

et al. 2021

J Corp Accounting Finance

View full text Add to dashboard Cite

We analyze the relationship of board structure features with non‐financial firm's performance among West African listed companies. The data was collected though content analysis of annual reports and audited financial statement of 109 West African listed companies over 2002–2017 by utilized three financial performance proxies, namely return on assets, return on equity, and Tobin Q. We employed several model specification tests and regression methods including pooled OLS, fixed effects and GMM two stage models. The results indicate statistically positive relationship between board size and firm performance but only significant with Tobin's Q and positive significant effect of women directorship and women chief executive officer on firm performance. Independent director has statistically positive significant effect on firm financial performance. Paradoxically, women independent directors has negative significant impact on financial performance. Findings imply that corporations should have a board structure including women executives’ directors, woman CEO and men independent directors as a way to enhance firm's performance. This paper contributes to developing countries scant literature on determinants financial performance and corporate governance practices by provides evidence on why and how corporation should have independent directors and gender diversity inclusive board structure to enhance firm's performance ones in developing countries.

show abstract

Silverback CEOs: Age, experience, and firm value

Cited by 65 publications

References 42 publications

Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance

Physical Characteristics of the Chief Executive Officer and Firm Accounting and Market-Based Performance

What characteristics of board of directors affect Indonesian bank performance?

Gender diversity inclusive board structure and firm performance: Evidence from West Africa

Contact Info

Product

Resources

About