Do CEO and Board Characteristics Affect Firm Reputation? Empirical Evidence

نوع المستند : المقالة الأصلية

المؤلفون

1 قسم المحاسبة - كلية التجارة جامعة المنوفية

2 قسم المحاسبة كلية التجارة جامعة بنها

3 قسم المحاسبة كلية التجارة جامعة المنوفية

المستخلص

Purpose: The current study examines the impact of Chief Executive Officer (CEO) characteristics such as CEO Educational Background, CEO Age, CEO Foreignness, CEO Tenure, CEO Duality, CEO Experience, and CEO Ownership on firm reputation. Furthermore, the current study tests the impact of Board characteristics like Board Size, Board Independence, Board Meetings, and Board Gender Diversity on firm reputation.

Design/methodology/approach: The current study utilizes a quantitative research method to achieve its objectives based on (73) firms of Egyptian-listed firms from 2017 to 2023, using the Generalized Least Squares (GLS) in Stata/IC15 to test the hypotheses.

Findings: The results found that the CEO’s educational background, age, duality, and ownership negatively affected the firm reputation, while CEO’s experience had a positive impact on firm reputation. Furthermore, the current study revealed that CEO tenure and foreignness demonstrated mixed results when using different measures of firm reputation. Also, the results Board size and Board gender diversity positively affected the firm reputation. Moreover, Board independence and Board meetings displayed mixed results when firm reputation was measured by different measures.

Originality/value: The current study extends the CEO and Board characteristics literature which examines their impact on firm outcomes, particularly firm reputation. Further, it includes both the CEO’s demographic and job-specific characteristics. Moreover, the present study uses three proxies to measure a firm reputation to raise the validity of results.

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