CEO duality and firm performance: an empirical study of EU listed firms
Huining Chen
Abstract
Huining Chen
Abstract
In the existing literature various arguments are made in favor and against CEO duality. The main criterion regarding the argument for or against CEO duality is the effect CEO duality has on firm performance. Against the idea of CEO duality, the agency theory is advanced. In favor of CEO duality, the stewardship theory is advanced. This study provides empirical evidence on the significance CEO duality has in influencing the firm performance of EU listed firms. The results conclude that the effect CEO duality has on firm performance is insignificant, which means that CEO duality does not have much influence on firm performance based on EU listed firms. Finally some suggestions are made for future research on this topic.
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In the existing literature various arguments are made in favor and against CEO duality. The main criterion regarding the argument for or against CEO duality is the effect CEO duality has on firm performance. Against the idea of CEO duality, the agency theory is advanced. In favor of CEO duality, the stewardship theory is advanced. This study provides empirical evidence on the significance CEO duality has in influencing the firm performance of EU listed firms. The results conclude that the effect CEO duality has on firm performance is insignificant, which means that CEO duality does not have much influence on firm performance based on EU listed firms. Finally some suggestions are made for future research on this topic.
Key concepts: Duality (order theory), Stewardship theory, Argument (complex analysis), Principal–agent problem, Dual (grammatical number), Agency (philosophy), Business, Mathematics