The Impact of CEO Characteristics and Blockholder on Capital Structure Decisions

被引：0

作者：

Dung, Le Thuy ^{[1
]}

Tho, Nguyen Xuan ^{[2
]}

Huyen, Ngo Thi Thuong ^{[3
]}

机构：

[1] NgheAn Univ Econ, Fac Finance, Vinh, Vietnam

[2] FPT Univ, Fac Business Adm, Greenwich Vietnam, Da Nang, Vietnam

[3] NgheAn Univ Econ, Ngo Thuong Huyen Fac Accounting, Vinh, Vietnam

来源：

PACIFIC BUSINESS REVIEW INTERNATIONAL | 2023年 / 15卷 / 11期

关键词：

CEO; Blockholder; Capital structure; Construction & Real estate; Stakeholder; AGENCY COSTS; OWNERSHIP;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This research analyzes the impact of chief executive officers' characteristics (CEO characteristics) and blockholder on capital structure decisions, based on a sample of 100 listed construction and real estate companies in Vietnam from 2015 to 2021. By using OLS regression, we found that the characteristics of the CEO and blockholder have a direct impact on capital structure decisions. Indeed, the empirical results indicate tenure, education degree, the duality of the CEO, and blockholder ownership are positive effects on leverage degree. The study findings provide more evidence in regard to the important role of the CEO and large shareholders, as well as give some remarkable recommendations for stakeholders in terms of making related decisions.

引用

页码：103 / 108

页数：6

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