CEO power and its effect on performance and governance: Evidence from Chinese banks
| Autor: | Pang-Ru Chang, Horace Chueh, Hsiu-I Ting |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
050208 finance ComputingMilieux_THECOMPUTINGPROFESSION business.industry Corporate governance Prestige 05 social sciences ComputingMilieux_LEGALASPECTSOFCOMPUTING Accounting Diversification (marketing strategy) Power (social and political) Board structure Negatively associated 0502 economics and business Structural power Business and International Management business 050203 business & management |
| Zdroj: | Emerging Markets Review. 33:42-61 |
| ISSN: | 1566-0141 |
| DOI: | 10.1016/j.ememar.2017.09.005 |
| Popis: | This study investigates whether CEO power matters in Chinese banks. We find that the effects of four power dimensions on banks' performance and board structure vary in their own unique ways. The CEOs with structural power are negatively related to performance but positively related to gender-diversified boards. Moreover, CEOs with ownership power enhance performance but are negatively associated with professionalism and diversification in the boards. Banks that have CEOs with expert power perform well and have gender-diversified boards. Meanwhile, CEOs with prestige power are likely to appoint politically connected directors to the board. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect