Exploring the relationship between CEO characteristics and performance

This article examines the relationship between CEO characteristics and firm performance with a sample formed by the best performing CEOs in the world according to Harvard Business Review. The empirical analysis is based on descriptive statistics techniques and studies the universe of CEOs included i...

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Autores: García Blandón, Josep, Argilés Bosch, Josep M., Ravenda, Diego
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2019
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/141888
Acceso en línea:https://hdl.handle.net/2445/141888
Access Level:acceso abierto
Palabra clave:Rendiment
Anàlisi financera
Formació
Direcció d'empreses
Executius
Performance
Investment analysis
Training
Industrial management
Executives
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spelling Exploring the relationship between CEO characteristics and performanceGarcía Blandón, JosepArgilés Bosch, Josep M.Ravenda, DiegoRendimentAnàlisi financeraFormacióDirecció d'empresesExecutiusPerformanceInvestment analysisTrainingIndustrial managementExecutivesThis article examines the relationship between CEO characteristics and firm performance with a sample formed by the best performing CEOs in the world according to Harvard Business Review. The empirical analysis is based on descriptive statistics techniques and studies the universe of CEOs included in the 2016 ranking "The Best-Performing CEOs in the World" released by Harvard Business Review. Moreover, it addresses performance at various levels: financial performance, environmental, social and governance performance (ESG) and overall performance. The findings of the study show: 1) a strongly negative association between financial and ESG performance; 2) outsider CEOs outperform insider CEOs in overall performance; 3) CEOs with engineering degrees show significantly higher ESG performance; 4) CEOs with longer tenures in the firm present stronger financial performance though weaker ESG performance; and 5) the CEO's country of origin emerges as an important driver to explain the different types of performance. Results in this field contradict the conventional wisdom of Anglo-Saxon CEOs as the best performers CEOs.Taylor and Francis2019info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2445/141888Articles publicats en revistes (Empresa)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésVersió postprint del document publicat a: https://doi.org/10.3846/jbem.2019.10447Journal Of Business Economics And Management, 2019, vol. 20, num. 6, p. 1064-1082https://doi.org/10.3846/jbem.2019.10447(c) Taylor and Francis, 2019info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1418882026-05-27T06:46:51Z
dc.title.none.fl_str_mv Exploring the relationship between CEO characteristics and performance
title Exploring the relationship between CEO characteristics and performance
spellingShingle Exploring the relationship between CEO characteristics and performance
García Blandón, Josep
Rendiment
Anàlisi financera
Formació
Direcció d'empreses
Executius
Performance
Investment analysis
Training
Industrial management
Executives
title_short Exploring the relationship between CEO characteristics and performance
title_full Exploring the relationship between CEO characteristics and performance
title_fullStr Exploring the relationship between CEO characteristics and performance
title_full_unstemmed Exploring the relationship between CEO characteristics and performance
title_sort Exploring the relationship between CEO characteristics and performance
dc.creator.none.fl_str_mv García Blandón, Josep
Argilés Bosch, Josep M.
Ravenda, Diego
author García Blandón, Josep
author_facet García Blandón, Josep
Argilés Bosch, Josep M.
Ravenda, Diego
author_role author
author2 Argilés Bosch, Josep M.
Ravenda, Diego
author2_role author
author
dc.subject.none.fl_str_mv Rendiment
Anàlisi financera
Formació
Direcció d'empreses
Executius
Performance
Investment analysis
Training
Industrial management
Executives
topic Rendiment
Anàlisi financera
Formació
Direcció d'empreses
Executius
Performance
Investment analysis
Training
Industrial management
Executives
description This article examines the relationship between CEO characteristics and firm performance with a sample formed by the best performing CEOs in the world according to Harvard Business Review. The empirical analysis is based on descriptive statistics techniques and studies the universe of CEOs included in the 2016 ranking "The Best-Performing CEOs in the World" released by Harvard Business Review. Moreover, it addresses performance at various levels: financial performance, environmental, social and governance performance (ESG) and overall performance. The findings of the study show: 1) a strongly negative association between financial and ESG performance; 2) outsider CEOs outperform insider CEOs in overall performance; 3) CEOs with engineering degrees show significantly higher ESG performance; 4) CEOs with longer tenures in the firm present stronger financial performance though weaker ESG performance; and 5) the CEO's country of origin emerges as an important driver to explain the different types of performance. Results in this field contradict the conventional wisdom of Anglo-Saxon CEOs as the best performers CEOs.
publishDate 2019
dc.date.none.fl_str_mv 2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/141888
url https://hdl.handle.net/2445/141888
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.3846/jbem.2019.10447
Journal Of Business Economics And Management, 2019, vol. 20, num. 6, p. 1064-1082
https://doi.org/10.3846/jbem.2019.10447
dc.rights.none.fl_str_mv (c) Taylor and Francis, 2019
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Taylor and Francis, 2019
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor and Francis
publisher.none.fl_str_mv Taylor and Francis
dc.source.none.fl_str_mv Articles publicats en revistes (Empresa)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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