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Demographic Characteristics of CEOs as Predictors of Firm Performance in Periods of Financial Instability.

机译:首席执行官的人口统计学特征是金融不稳定时期企业绩效的预测指标。

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摘要

Bank holding companies play a significant role in the economies, and banking customers expect bank CEOs to make discretionary but well-informed judgments in the process of executing their leadership roles under all economic conditions. The success of a business organization depends on the brainpower of its CEO. Bank CEOs make decisions in the interest of the board of directors, employees, and customers. Profitability is an important performance indicator to every business, especially in periods of economic uncertainty. This study is an empirical examination of the relationship between CEO demographic characteristics and firm performance in times of financial instability. The problem is that managers responsible for selecting bank CEOs lack timely and essential information regarding the human capital characteristics of the CEO that predict profit margins of U.S. banks during periods spanning a financial crisis. The purpose of this quantitative, correlational study was to understand how level of formal education, type of degree, professional training certifications, years of work experience (including prior tenure as a senior executive in a financial institution, and current tenure as a bank CEO), and age of U.S. bank CEOs predicted firm performance measured with the 5-year average annual net profit margins of U.S. banks for 2007 through 2011, a period spanning a financial crisis. There were 153 cases representing bank CEOs in this study. The findings indicate that the multiple regression model was not statistically significant, R2 =.02, adjusted R2 = -.01, F(5, 144) = 0.62, p = .68; therefore, none of the independent variables in the model predicted firm performance, either individually or as a group.;Recommendations include future researchers use additional variables in statistical models to evaluate predictors of firm financial performance. Additionally, researchers are advised to conduct similar studies using larger sample sizes. Board of directors, human resource managers, and executive recruitment agencies should look beyond demographic characteristics of candidates for CEO position in U.S. financial institutions. The use of a multidimensional model for measuring firm performance is also recommended.
机译:银行控股公司在经济中发挥着重要作用,银行客户期望银行首席执行官在各种经济条件下履行其领导角色的过程中,可以做出酌情决定性的消息灵通的判断。商业组织的成功取决于其首席执行官的才能。银行首席执行官为董事会,员工和客户的利益做出决策。盈利能力是每项业务的重要绩效指标,尤其是在经济不确定时期。这项研究是对财务不稳定时期CEO人口特征与公司绩效之间关系的实证检验。问题在于,负责选​​择银行首席执行官的经理缺乏有关首席执行官人力资本特征的及时和必要的信息,这些信息预测了整个金融危机期间美国银行的利润率。这项定量,相关研究的目的是了解正规教育的水平,学位的类型,专业培训证书,工作年限(包括以前在金融机构担任高级管理人员的任期以及当前担任银行首席执行官的任期)和美国银行业首席执行官的年龄预测,公司的业绩将以美国银行2007年至2011年(金融危机期间)的5年平均年净利润率来衡量。在这项研究中,有153个代表银行首席执行官的案例。研究结果表明多元回归模型没有统计学意义,R2 = .02,调整后的R2 = -.01,F(5,144)= 0.62,p = .68;因此,模型中的独立变量均不能单独或整体地预测公司绩效。建议包括未来的研究人员应在统计模型中使用其他变量来评估公司财务绩效的预测指标。此外,建议研究人员使用更大的样本量进行类似的研究。董事会,人力资源经理和行政人员招聘机构应超越美国金融机构首席执行官职位候选人的人口特征。还建议使用多维模型来衡量公司绩效。

著录项

  • 作者

    Roberts, Jude.;

  • 作者单位

    Northcentral University.;

  • 授予单位 Northcentral University.;
  • 学科 Finance.;Management.;Accounting.
  • 学位 Ph.D.
  • 年度 2016
  • 页码 203 p.
  • 总页数 203
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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