The Association between Chief Executive Officer (CEO) Characteristics and Company Performance in Viet Nam
Journal Title: Advance Knowledge for Executives - Year 2023, Vol 2, Issue 2
Abstract
Objective: This study aims to examine how the characteristics of the Chief Executive Officer (CEO) impact the performance of firms. Method: Specifically, the study focuses on the influence of the CEO's educational background, professional experience, and tenure on the performance of 245 listed companies on the HCM stock exchange from 2015 to 2020 in Vietnam. The study utilised a panel model and formulated three equations using the GMM method, which aligns with previous empirical research. Result: The study found that the educational background of the CEO plays a significant role in company performance, with companies performing exceptionally well when the CEO holds a degree in business administration, economics, finance, or accounting. In addition, the study found that having a postgraduate qualification, such as an MBA, master's, or PhD, positively impacts a company's stock performance. Conclusion and Recommendation: The study demonstrated that a CEO's related work experience also positively impacts firm performance. Finally, the study found that a CEO's long tenure improves corporate performance. Overall, the study demonstrates that CEO attributes are critical factors explaining differences in Saudi firms' performance. These findings can assist shareholders in selecting the appropriate CEO to manage their company.
Authors and Affiliations
Nguyen Thi Dao & Hoang Thi Thanh
Keywords
Related Articles
- EP ID EP715003
- DOI -
- Views 58
- Downloads 0
Factors Influencing the Acceptance of ChatGPT Usage Among Higher Education Students in Bangkok, Thailand
Objective: Utilising perceived ease of use and perceived usefulness of the Technology Acceptance Model (TAM), considering facilitating conditions, attitude, as well as privacy and security factors, this study endeavours...
Standard Languages Teaching and Plurilingual Education: Implications for the Promotion of Multilingualism in Cameroon
Objective: Cameroon is a multilingual country with over 250 languages divided into four groups that determine the linguistic and cultural complexity of the country. In this context, official bilingualism has been preferr...
The Correlation between Academic and Work Performance among Master’s in International Hospitality Management Graduates in one Higher Education Institution in the Philippines
Objective: A post-graduate degree is an advantage to obtaining a higher position, although not a requirement. In line with this, this paper is of great importance as this study assesses the correlation between academic p...
A Conceptual Review of TAM and ChatGPT Usage Intentions Among Higher Education Students
Objective: This conceptual review undertakes a comprehensive review of the relationships between perceived usefulness, perceived ease of use in the Technology Acceptance Model (TAM), and the intention to use ChatGPT amon...
Designing a Debit Card for Visually Impaired Children: Challenges and Solutions
Objective: The objective is to develop a debit card that allows visually impaired children to use it independently without external assistance. This research explains the challenges and solutions in designing a blind deb...