{"title":"CEO教育及其对资本结构的贡献","authors":"Z. Hall","doi":"10.2139/ssrn.3583637","DOIUrl":null,"url":null,"abstract":"This paper examines the relationship between individual characteristics of management, specifically the formal education of the CEO, and the CEO’s capital structure choices. It is hypothesized that a formal post-secondary education contributes to a CEO’s choice of debt-to-equity financing. Furthermore, this paper investigates how educational components, those being, level of education, university ranking, and discipline of explain differences in capital structures. It is hypothesized that all the educational characteristics contribute to a CEO’s choice of capital structure. Empirical evidence is however inconsistent with the hypotheses put forward in this paper.","PeriodicalId":289993,"journal":{"name":"ERN: Firms Temporal Investment & Financing Behavior (Topic)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"CEO Education and its Contribution to Capital Structure\",\"authors\":\"Z. Hall\",\"doi\":\"10.2139/ssrn.3583637\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper examines the relationship between individual characteristics of management, specifically the formal education of the CEO, and the CEO’s capital structure choices. It is hypothesized that a formal post-secondary education contributes to a CEO’s choice of debt-to-equity financing. Furthermore, this paper investigates how educational components, those being, level of education, university ranking, and discipline of explain differences in capital structures. It is hypothesized that all the educational characteristics contribute to a CEO’s choice of capital structure. Empirical evidence is however inconsistent with the hypotheses put forward in this paper.\",\"PeriodicalId\":289993,\"journal\":{\"name\":\"ERN: Firms Temporal Investment & Financing Behavior (Topic)\",\"volume\":\"36 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-04-23\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Firms Temporal Investment & Financing Behavior (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3583637\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Firms Temporal Investment & Financing Behavior (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3583637","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
CEO Education and its Contribution to Capital Structure
This paper examines the relationship between individual characteristics of management, specifically the formal education of the CEO, and the CEO’s capital structure choices. It is hypothesized that a formal post-secondary education contributes to a CEO’s choice of debt-to-equity financing. Furthermore, this paper investigates how educational components, those being, level of education, university ranking, and discipline of explain differences in capital structures. It is hypothesized that all the educational characteristics contribute to a CEO’s choice of capital structure. Empirical evidence is however inconsistent with the hypotheses put forward in this paper.
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