CEO特征与企业绩效——印度企业研究

Q3 Business, Management and Accounting

Indian Journal of Corporate Governance Pub Date : 2018-11-14 DOI:10.1177/0974686218806714

Rupinder Kaur, Balwinder Singh

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引用次数: 30

摘要

摘要本文关注的焦点是首席执行官特征与企业绩效之间的关系。通过对Nifty 500公司的抽样调查，研究发现，人口统计和工作相关特征可能与公司的财务业绩有关。我们将CEO的性别、双重性、国籍、薪酬和教育水平视为CEO的特征，并将资产回报率（ROA）作为公司业绩的代表。这项研究拓宽了对首席执行官发挥的重要作用的理解，并更好地了解了首席执行官的具体变量。具体而言，报告的调查结果表明，首席执行官薪酬与公司业绩之间存在正相关关系，因此表明薪酬是高管获得更高公司业绩的良好诱因，而首席执行官国籍似乎抑制了这一点，将外国董事引导至少数。这意味着薪酬应该更加深思熟虑地与业绩挂钩，这样熟练的首席执行官就不会被其他地方更诱人的薪酬所吸引，而且让外国公民加入公司董事会的决定必须基于公司未来财务业绩以外的规范。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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CEOs’ Characteristics and Firm Performance: A Study of Indian Firms

Abstract The centre of interest of this research article is the association between chief executive officer (CEO) characteristics and firm performance. Employing a sample of Nifty 500 firms, the support found recommends that demographic and job-related characteristics may be related with the firm’s financial performance. We consider CEO gender, duality, nationality, remuneration and education level as CEO characteristics and we employ return on assets (ROA) as a representative for firm performance. This study widens the understanding of the important function played by the CEO and provides better insight into CEO-specific variables. Specifically, the reported findings specify a positive relationship between CEO remuneration and firm performance, thus indicating that compensation acts as a good inducement for executives to yield finer firm performance while CEO nationality appears to inhibit it, steering foreign directors to a minority spot. This implies that remuneration should be more thoughtfully attached to performance, so that proficient CEOs are not lured by more tempted compensation elsewhere and the decision to engage foreign nationals to company boards must be based on norms other than the firm’s future financial performance.

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来源期刊

Indian Journal of Corporate Governance Business, Management and Accounting-Business and International Management

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Indian Journal of Corporate Governance is a bi-annual refereed journal that provides a forum for discussions and exchanging views on a wide range of corporate governance issues ranging from board practices, independent directors, whistle blower policies and shareholder activism on one hand to media’s role in corporate governance, corporate social responsibility and sustainability reporting on the other. It comprises of research articles, concept papers, case studies and reports providing a blend of theory and practices of corporate governance globally to cater to the interests of practitioners, academics, researchers and policy makers.