Impact of Chief Executive Officer Characteristics on Financial Performance: Evidence from Top 100 Malaysian Public Listed Companies(Pages 1513-1526)
Suhaily Hasnan1,2,*, Nur Rohani Abd Razak1, Alfiatul Rohmah Mohamed Hussain3, Iman Harymawan4 and Rina Fadhilah Ismail5
1, 3, 5Faculty of Accountancy, Universiti Teknologi MARA, Kampus Puncak Alam, Selangor, Malaysia.
2International School, Vietnam National University, Hanoi, Vietnam.
4Department of Accounting, Faculty of Economics and Business, Universitas Airlangga, Indonesia.
This study examines the effect of chief executive officer (CEO) characteristics on firm financial performance for the top 100 Malaysian Public Listed Companies (PLCs) during 2016 to 2020. The multicultural diversity of Malaysia means that CEOs are demographically heterogeneous and the findings indicate that CEO age, nationality and financial expertise are associated with firm financial performance, measured by both return on assets (ROA) and return on equity (ROE). In addition, there is also evidence that CEO gender and affiliation to a top world-ranked university are also related to ROE. The results of this study contribute valuable insights and information relevant to future researchers, board members, and investors. Specifically, the study adds to the literature on a new CEO characteristic, which is their affiliation at the top world-ranked university. Further, the findings from this study may assist the Board of Directors (BODs) in assessing the current CEO or in selecting prospective candidates.
Chief Executive Officer Characteristics, Financial Performance, Top 100 Public Listed Companies.
How to Cite:
Suhaily Hasnan, Nur Rohani Abd Razak, Alfiatul Rohmah Mohamed Hussain, Iman Harymawan and Rina Fadhilah Ismail. Impact of Chief Executive Officer Characteristics on Financial Performance: Evidence from Top 100 Malaysian Public Listed Companies. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a167/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.