CEO gender and managerial entrenchment
This paper investigates the effect of gender on managerial authority and control over firms. The study examines S&P 1500 firms for the period of 1999–2014. Our findings suggest that accounting performance, firm value, CEO age, firm age, and board size reduce the likelihood of appointing female m...
محفوظ في:
| المؤلف الرئيسي: | |
|---|---|
| مؤلفون آخرون: | , |
| التنسيق: | article |
| منشور في: |
2020
|
| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/12477 https://doi.org/10.1016/j.ribaf.2020.101237 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0275531919311511 |
| الوسوم: |
إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
|
| _version_ | 1864513490095439872 |
|---|---|
| author | Dah, Mustafa A. |
| author2 | Jizi, Mohammad I. Kebbe, Reem |
| author2_role | author author |
| author_facet | Dah, Mustafa A. Jizi, Mohammad I. Kebbe, Reem |
| author_role | author |
| dc.creator.none.fl_str_mv | Dah, Mustafa A. Jizi, Mohammad I. Kebbe, Reem |
| dc.date.none.fl_str_mv | 2020 2021-02-10T18:02:16Z 2021-02-10T18:02:16Z 2021-02-10 |
| dc.identifier.none.fl_str_mv | 0275-5319 http://hdl.handle.net/10725/12477 https://doi.org/10.1016/j.ribaf.2020.101237 Dah, M. A., Jizi, M. I., & Kebbe, R. (2020). CEO gender and managerial entrenchment. Research in International Business and Finance, 54. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0275531919311511 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Research in International Business and Finance |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | CEO gender and managerial entrenchment |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This paper investigates the effect of gender on managerial authority and control over firms. The study examines S&P 1500 firms for the period of 1999–2014. Our findings suggest that accounting performance, firm value, CEO age, firm age, and board size reduce the likelihood of appointing female managers. On the other hand, the appointment of female CEOs is directly associated with the percentage of female directors, board independence, and beta. The study confirms the notion that female CEO appointments are generally associated with firms facing adverse conditions, and shows that female CEOs are more entrenched as compared to male CEOs. We find that the presence of female CEO decreases the turnover-performance sensitivity, increases the E-index, and inflates CEO compensation. Our research suggests that the level of female CEOs’ entrenchment provides them with greater job security, higher level of control, and inflated pay that compensate the risk of accepting the appointment in a high risk and poor performing firm. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_53a92e70aa4acf28739992b28a7a58dc |
| identifier_str_mv | 0275-5319 Dah, M. A., Jizi, M. I., & Kebbe, R. (2020). CEO gender and managerial entrenchment. Research in International Business and Finance, 54. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/12477 |
| publishDate | 2020 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | CEO gender and managerial entrenchmentDah, Mustafa A.Jizi, Mohammad I.Kebbe, ReemThis paper investigates the effect of gender on managerial authority and control over firms. The study examines S&P 1500 firms for the period of 1999–2014. Our findings suggest that accounting performance, firm value, CEO age, firm age, and board size reduce the likelihood of appointing female managers. On the other hand, the appointment of female CEOs is directly associated with the percentage of female directors, board independence, and beta. The study confirms the notion that female CEO appointments are generally associated with firms facing adverse conditions, and shows that female CEOs are more entrenched as compared to male CEOs. We find that the presence of female CEO decreases the turnover-performance sensitivity, increases the E-index, and inflates CEO compensation. Our research suggests that the level of female CEOs’ entrenchment provides them with greater job security, higher level of control, and inflated pay that compensate the risk of accepting the appointment in a high risk and poor performing firm.PublishedN/A2021-02-10T18:02:16Z2021-02-10T18:02:16Z20202021-02-10Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0275-5319http://hdl.handle.net/10725/12477https://doi.org/10.1016/j.ribaf.2020.101237Dah, M. A., Jizi, M. I., & Kebbe, R. (2020). CEO gender and managerial entrenchment. Research in International Business and Finance, 54.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/abs/pii/S0275531919311511enResearch in International Business and Financeinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/124772021-11-30T13:00:34Z |
| spellingShingle | CEO gender and managerial entrenchment Dah, Mustafa A. |
| status_str | publishedVersion |
| title | CEO gender and managerial entrenchment |
| title_full | CEO gender and managerial entrenchment |
| title_fullStr | CEO gender and managerial entrenchment |
| title_full_unstemmed | CEO gender and managerial entrenchment |
| title_short | CEO gender and managerial entrenchment |
| title_sort | CEO gender and managerial entrenchment |
| url | http://hdl.handle.net/10725/12477 https://doi.org/10.1016/j.ribaf.2020.101237 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0275531919311511 |