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Amin, Q.A. 
ORCID: 0000-0002-7446-249X and Cumming, D.,
2023.
The politician as a CEO, corporate governance and firm value.
Journal of International Financial Markets, Institutions and Money, 87: 101804.
ISSN 1042-4431
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Abstract
Using a data set of two important emerging markets namely Taiwan and Pakistan, we investigate an unexplored dynamic of the top leadership i.e. the politician as a CEO and determine their impact on firm value. We show that the presence of the powerful politician as a CEO tends to limit the board power and endorse managerial entrenchment i.e. put their self-interests ahead of the firm's goals, which in turn, damage the firms’ value. We find a significant negative moderating effect of the political CEOs on the relationship of concentrated ownership, board independence and firm value.
| Item Type: | Journal article | ||||||||
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| Publication Title: | Journal of International Financial Markets, Institutions and Money | ||||||||
| Creators: | Amin, Q.A. and Cumming, D. | ||||||||
| Publisher: | Elsevier | ||||||||
| Date: | September 2023 | ||||||||
| Volume: | 87 | ||||||||
| ISSN: | 1042-4431 | ||||||||
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| Divisions: | Schools > Nottingham Business School | ||||||||
| Record created by: | Jonathan Gallacher | ||||||||
| Date Added: | 25 Sep 2023 15:27 | ||||||||
| Last Modified: | 16 Jul 2024 03:00 | ||||||||
| URI: | https://irep.ntu.ac.uk/id/eprint/49810 |
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