Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis
(How) Do external shocks affect the CEO effect? Studies that have debated the CEO effect have initially focused on how much influence CEOs in general—as opposed to industry and firm—have on firm performance. More recently, studies have shifted focus from ‘how much’ to ‘when’, scrutinizing environmen...
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| مؤلفون آخرون: | , , |
| التنسيق: | conferenceObject |
| منشور في: |
2022
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/17585 https://doi.org/10.5465/AMBPP.2022.12809abstract http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://journals.aom.org/doi/abs/10.5465/AMBPP.2022.12809abstract |
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| _version_ | 1864513475584196608 |
|---|---|
| author | Haj Youssef, Moustafa |
| author2 | Kleindienst, Ingo Harakeh, Mostafa Yu, Mei |
| author2_role | author author author |
| author_facet | Haj Youssef, Moustafa Kleindienst, Ingo Harakeh, Mostafa Yu, Mei |
| author_role | author |
| dc.creator.none.fl_str_mv | Haj Youssef, Moustafa Kleindienst, Ingo Harakeh, Mostafa Yu, Mei |
| dc.date.none.fl_str_mv | 2022 2026-02-04T13:54:39Z 2026-02-04T13:54:39Z |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10725/17585 https://doi.org/10.5465/AMBPP.2022.12809abstract Haj Youssef, M., Kleindienst, I., Harakeh, M., & Yu, M. (2022). Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis. In Academy of Management Proceedings (Vol. 2022, No. 1, p. 12809). Academy of Management. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://journals.aom.org/doi/abs/10.5465/AMBPP.2022.12809abstract |
| dc.language.none.fl_str_mv | en |
| dc.publisher.none.fl_str_mv | Academy of Management |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Financial crises -- Congresses |
| dc.title.none.fl_str_mv | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| dc.type.none.fl_str_mv | Conference Paper / Proceeding info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/conferenceObject |
| description | (How) Do external shocks affect the CEO effect? Studies that have debated the CEO effect have initially focused on how much influence CEOs in general—as opposed to industry and firm—have on firm performance. More recently, studies have shifted focus from ‘how much’ to ‘when’, scrutinizing environmental determinants under which the CEO effect is more or less pronounced. Typically relying on large panel datasets, previous studies have reported an average CEO effect over the entire sample period. In doing so, these studies have forgone the possibility to investigate fluctuations in the CEO effect over time. In this study, we focus on short-term fluctuations of the CEO effect caused by an external shock in the firm’s economic activity. In particular, we use the 2008 global financial crisis to investigate how the CEO effect changed from the pre-crisis period, over the crisis period, to the post-crisis period. Using mixed effect modeling with crossed and nested factors, we find that the CEO effect significantly drops from the pre-crisis to the crisis period, but increases again to pre-crisis levels in the post-crisis period. The results hold under several robustness checks. |
| eu_rights_str_mv | openAccess |
| format | conferenceObject |
| id | LAURepo_d50ae9637dffcaa72933ea840f0121a3 |
| identifier_str_mv | Haj Youssef, M., Kleindienst, I., Harakeh, M., & Yu, M. (2022). Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis. In Academy of Management Proceedings (Vol. 2022, No. 1, p. 12809). Academy of Management. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17585 |
| publishDate | 2022 |
| publisher.none.fl_str_mv | Academy of Management |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial CrisisHaj Youssef, MoustafaKleindienst, IngoHarakeh, MostafaYu, MeiFinancial crises -- Congresses(How) Do external shocks affect the CEO effect? Studies that have debated the CEO effect have initially focused on how much influence CEOs in general—as opposed to industry and firm—have on firm performance. More recently, studies have shifted focus from ‘how much’ to ‘when’, scrutinizing environmental determinants under which the CEO effect is more or less pronounced. Typically relying on large panel datasets, previous studies have reported an average CEO effect over the entire sample period. In doing so, these studies have forgone the possibility to investigate fluctuations in the CEO effect over time. In this study, we focus on short-term fluctuations of the CEO effect caused by an external shock in the firm’s economic activity. In particular, we use the 2008 global financial crisis to investigate how the CEO effect changed from the pre-crisis period, over the crisis period, to the post-crisis period. Using mixed effect modeling with crossed and nested factors, we find that the CEO effect significantly drops from the pre-crisis to the crisis period, but increases again to pre-crisis levels in the post-crisis period. The results hold under several robustness checks.Academy of Management2026-02-04T13:54:39Z2026-02-04T13:54:39Z2022Conference Paper / Proceedinginfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjecthttp://hdl.handle.net/10725/17585https://doi.org/10.5465/AMBPP.2022.12809abstractHaj Youssef, M., Kleindienst, I., Harakeh, M., & Yu, M. (2022). Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis. In Academy of Management Proceedings (Vol. 2022, No. 1, p. 12809). Academy of Management.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://journals.aom.org/doi/abs/10.5465/AMBPP.2022.12809abstracteninfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/175852026-02-04T13:54:39Z |
| spellingShingle | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis Haj Youssef, Moustafa Financial crises -- Congresses |
| status_str | publishedVersion |
| title | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| title_full | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| title_fullStr | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| title_full_unstemmed | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| title_short | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| title_sort | Short Term Fluctuations in the CEO Effect: Evidence from the 2008 Financial Crisis |
| topic | Financial crises -- Congresses |
| url | http://hdl.handle.net/10725/17585 https://doi.org/10.5465/AMBPP.2022.12809abstract http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://journals.aom.org/doi/abs/10.5465/AMBPP.2022.12809abstract |