CEO’s Background Characteristics, Financing Preference and Firm Performance – Empirical Evidence From China’s A-Share Listed Companies

Yongzhuang Li (), Xuan Wang and Dehuan Zhang
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Yongzhuang Li: Business School, Central University of Finance and Economics (CUFE)
Xuan Wang: Business School, Central University of Finance and Economics (CUFE)
Dehuan Zhang: Academy of Innovation Management, CUFE

Chapter Chapter 21 in Recent Developments in Data Science and Business Analytics, 2018, pp 193-208 from Springer

Abstract: Abstract We carry out regression analysis using data of 300 companies listed in China’s A-share market in 2015, and introduce the shareholdings of top ten shareholders and corporate current ratio in regression models as control variables. We reach the follow conclusions: in China, (1) gender and education background of a CEO and equity incentives have no significant impact on firm performance; (2) among China’s current A-share listed companies, excessive self-confidence does exist in CEOs, and has a negative impact on firm performance; (3) Corporate financing preference plays a partial mediator role in the relationship between CEO’s self-confidence and firm performance.

Keywords: CEO’s background characteristics; Financing preference; Firm performance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-72745-5_21

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DOI: 10.1007/978-3-319-72745-5_21

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