Chief executive officer attributes, stock's liquidity, and firm's performance

Salman Riaz; Rizwan Ali; Saria Hussain; Ramiz ur Rehman

doi:10.1002/mde.3886

Chief executive officer attributes, stock's liquidity, and firm's performance

Salman Riaz, Rizwan Ali, Saria Hussain, Ramiz ur Rehman

Research output: Contribution to journal › Article › peer-review

Abstract

This study unfolds the CEO attributes, stock liquidity, and firms' performance nexus, drawing from an individual's personality attributes who hold the highest managerial positions. The fixed-effect panel regression method is employed using nonfinancial firms listed at Pakistan Stock Exchange from 2011 to 2020. Significantly, CEOs' age, tenure, and ownership are positively associated with stock liquidity and firms' performance. Additionally, stock liquidity partially mediates the said nexus. This study provides new insights which confirm the theoretical implications of upper echelons theory which means specific attributes of an individual i.e., CEO can cause better performance of a firm.

Original language	English
Pages (from-to)	3397-3408
Number of pages	12
Journal	Managerial and Decision Economics
Volume	44
Issue number	6
DOIs	https://doi.org/10.1002/mde.3886
Publication status	Published - 22 Apr 2023
Externally published	Yes

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© 2023 John Wiley & Sons Ltd.

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Chief executive officer attributes, stock's liquidity, and firm's performance

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