CEO attributes, investment decisions, and firm performance: New insights from upper echelons theory

Ali R., Rehman R. U., Suleman S., NTIM C.

Managerial and Decision Economics, vol.43, no.2, pp.398-417, 2022 (SSCI, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 43 Say: 2
  • Nəşr tarixi: 2022
  • Doi nömrəsi: 10.1002/mde.3389
  • jurnalın adı: Managerial and Decision Economics
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Periodicals Index Online, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, EconLit, Metadex, Psycinfo, Public Affairs Index, Civil Engineering Abstracts
  • Səhifə sayı: pp.398-417
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

The study examines the role of a CEO in enhancing a firm's performance through the mediating effect of investment decisions in the emerging economy of Pakistan. Distinctly, fixed-effects panel regression method is employed to examine the said nexus of nonfinancial firms listed at the Pakistan Stock Exchange. It is empirically unearthed that CEO attributes, namely, age, tenure, ownership, financial education, and career experience, are positively related to firm performance in general and capital investment decisions in particular. Second, capital investment decisions partially and significantly mediate the nexus between CEO attributes and firm performance with few exceptions that confirm the theoretical implications of upper echelons theory in an emerging economy context.