CEO gender and managerial entrenchment

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dc.contributor.author Dah, Mustafa A.
dc.contributor.author Jizi, Mohammad I.
dc.contributor.author Kebbe, Reem
dc.date.accessioned 2021-02-10T18:02:16Z
dc.date.available 2021-02-10T18:02:16Z
dc.date.copyright 2020 en_US
dc.date.issued 2021-02-10
dc.identifier.issn 0275-5319 en_US
dc.identifier.uri http://hdl.handle.net/10725/12477
dc.description.abstract This paper investigates the effect of gender on managerial authority and control over firms. The study examines S&P 1500 firms for the period of 1999–2014. Our findings suggest that accounting performance, firm value, CEO age, firm age, and board size reduce the likelihood of appointing female managers. On the other hand, the appointment of female CEOs is directly associated with the percentage of female directors, board independence, and beta. The study confirms the notion that female CEO appointments are generally associated with firms facing adverse conditions, and shows that female CEOs are more entrenched as compared to male CEOs. We find that the presence of female CEO decreases the turnover-performance sensitivity, increases the E-index, and inflates CEO compensation. Our research suggests that the level of female CEOs’ entrenchment provides them with greater job security, higher level of control, and inflated pay that compensate the risk of accepting the appointment in a high risk and poor performing firm. en_US
dc.language.iso en en_US
dc.title CEO gender and managerial entrenchment en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 200104725 en_US
dc.author.idnumber 200201121 en_US
dc.author.department Finance And Accounting en_US
dc.description.embargo N/A en_US
dc.relation.journal Research in International Business and Finance en_US
dc.journal.volume 54 en_US
dc.keywords CEO gender en_US
dc.keywords Compensation en_US
dc.keywords Turnover en_US
dc.keywords Managerial entrenchment en_US
dc.keywords Duality en_US
dc.identifier.doi https://doi.org/10.1016/j.ribaf.2020.101237 en_US
dc.identifier.ctation Dah, M. A., Jizi, M. I., & Kebbe, R. (2020). CEO gender and managerial entrenchment. Research in International Business and Finance, 54. en_US
dc.author.email mustafa.dah@lau.edu.lb en_US
dc.author.email mohammad.jizi@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://www.sciencedirect.com/science/article/abs/pii/S0275531919311511 en_US
dc.orcid.id https://orcid.org/0000-0003-3193-508X en_US
dc.orcid.id https://orcid.org/0000-0002-1911-8215 en_US
dc.author.affiliation Lebanese American University en_US

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