CEO Duality and Firm Performance: Does Economic Policy Uncertainty Mediate the Relation?
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chang, Kiyoung | - |
dc.contributor.author | Lee, Junyoup | - |
dc.contributor.author | Shim, Hyeongsop | - |
dc.date.available | 2020-03-03T07:42:09Z | - |
dc.date.created | 2020-02-24 | - |
dc.date.issued | 2019-12 | - |
dc.identifier.issn | 1369-412X | - |
dc.identifier.uri | https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/17896 | - |
dc.description.abstract | Exploiting two exogenous shocks, we examine the relation between CEO-Chairman duality and firm performance. We report evidence that CEO duality benefits a firm when economic policy uncertainty is high. This implies that CEO--Chairman duality is an advantageous governance mechanism for coping with economic policy uncertainty. We show that the Sarbanes-Oxley Act reduced firm performance if a firm had separate leadership in 2001. However, this negative effect was mitigated if a firm had combined leadership in 2001. The results suggest that CEO duality is complementary to board independence and that the value of CEO duality is contingent on a firm's environment. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | WILEY | - |
dc.relation.isPartOf | INTERNATIONAL REVIEW OF FINANCE | - |
dc.title | CEO Duality and Firm Performance: Does Economic Policy Uncertainty Mediate the Relation? | - |
dc.type | Article | - |
dc.type.rims | ART | - |
dc.description.journalClass | 1 | - |
dc.identifier.wosid | 000499787900008 | - |
dc.identifier.doi | 10.1111/irfi.12193 | - |
dc.identifier.bibliographicCitation | INTERNATIONAL REVIEW OF FINANCE, v.19, no.4, pp.877 - 891 | - |
dc.identifier.scopusid | 2-s2.0-85075752156 | - |
dc.citation.endPage | 891 | - |
dc.citation.startPage | 877 | - |
dc.citation.title | INTERNATIONAL REVIEW OF FINANCE | - |
dc.citation.volume | 19 | - |
dc.citation.number | 4 | - |
dc.contributor.affiliatedAuthor | Shim, Hyeongsop | - |
dc.type.docType | Article | - |
dc.subject.keywordPlus | BOARDS | - |
dc.subject.keywordPlus | SIZE | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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