Document Type

Thesis - Open Access

Award Date

2022

Degree Name

Master of Science (MS)

Department / School

Economics

First Advisor

Nacasius Ujah

Keywords

Finance, Firm Efficiency, GAI, Management

Abstract

This paper investigates the connection between CEO types and firm efficiency. I utilize the general ability index (GAI) as a proxy to examine and separate CEO types: generalist CEOs and specialist CEOs. Initially, I applied the pooled ordinary least square (OLS) and fixed effect regression on 26,830 firm-year observations to explore the GAI effect on firm efficiency. The finding shows that GAI has a negative impact on firm efficiency. It indicates that CEOs with lower GAI are better at improving firm efficiency; for instance, specialist CEOs are preferable to generalist CEOs. Further analysis of CEO types using the quadrant method supports this result.

Library of Congress Subject Headings

Industrial efficiency.
Chief executive officers.
Executive ability.
Management.

Number of Pages

45

Publisher

South Dakota State University

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Rights Statement

In Copyright