Chief Executive Officer attributes, board structures, gender diversity and firm performance among French CAC 40 listed firms

被引:84
|
作者
Ahmadi, Ali [1 ]
Nakaa, Nejia [1 ]
Bouri, Abdelfettah [1 ]
机构
[1] Fac Econ & Management Sfax, Airport Rd Km 4,BP 1088, Sfax 3018, Tunisia
关键词
Duality of Chief Executive Officer (CEO); CEO tenure; Board structure; Gender diversity; Firm performance; FINANCIAL PERFORMANCE; CORPORATE GOVERNANCE; ETHNIC DIVERSITY; TOP MANAGEMENT; DIRECTORS; WOMEN; DETERMINANTS; OWNERSHIP; COMPANIES; DISCLOSURE;
D O I
10.1016/j.ribaf.2017.07.083
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Reflecting investor expectations, most prior corporate governance research attempt to find the effect duality Role of Chief Executive Officer, board structures and firm financial performance. Specifically, we refer to devote this paper on investigating the relationship between the Duality Role of Chief Executive Officer (CEO), the CEO tenure, board structures and gender diversity with tow measurement of performance in listed companies in CAC 40. We found evidence provide that board characteristics are positively correlated to the firm' performance. However, our results show a significant association between ROE, ROA and the board of directors' composition. We find significant negative association between financial information and equity-based management compensation. On the other hand, the presence of independent directors on the board seems to affect, positively, the level of financial performance CAC 40 firms. Likewise, the stewardship theory assumption, the CEO duality is very high and is significantly associated with a higher level of firm performance. Our results suggest a constant negative relation between firm performance and CEO's tenure. The results show that there is a significant relationship between board gender diversity and firm performance from our samples CAC 40 companies.
引用
收藏
页码:218 / 226
页数:9
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