Impact of CEO’s Characteristics on Firm Performance: the Case of Vietnam

Using a sample of 248 firms on Hanoi and Ho Chi Minh City stock exchanges, we shows that education level and tenure of the CEOs do not have any impact on the performance of Vietnamese firms. However, when the CEOs hold the undergraduate degree, tenure has a positive impact on the performance of Viet...

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Bibliographic Details
Published in:Journal of International Economics and Management 2016-12 (89), p.56-67
Main Authors: Cao, Dinh Kien, Hoang Hai Yen, Tran, Minh Ngoc
Format: Article
Language:English
Subjects:
behavior finance
Behavioral economics
Chief executive officers
Corporate governance
Educational attainment
Financial performance
financial risk and risk management
Risk management
Online Access:Get full text
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Summary:Using a sample of 248 firms on Hanoi and Ho Chi Minh City stock exchanges, we shows that education level and tenure of the CEOs do not have any impact on the performance of Vietnamese firms. However, when the CEOs hold the undergraduate degree, tenure has a positive impact on the performance of Vietnamese firms. Firms with female CEOs realize a significantly lower operation efficiency compared to that of firms with male CEOs. Moreover, splitting CEO and chairperson roles has a positive impact on the performance of Vietnamese firms.
ISSN:2615-9856
2615-9856