{"title":"地缘政治风险、女性首席执行官与公司业绩关系之间的关联:国际证据","authors":"Siddhartha Barman, Jitendra Mahakud","doi":"10.1108/mf-05-2024-0353","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>The purpose of this study is to examine the nexus between geopolitical risk, female CEOs and firm performance through a cross-country analysis.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>The study period ranges from 2014 to 2021, and the dataset uses an unbalanced panel of 4,955 companies across 50 nations comprising both developed and emerging economies. Our study has employed a fixed-effect panel regression model, to examine this issue. This analysis was supplemented with applying a dynamic panel technique, i.e. System generalized method of moments (SGMM), to address any endogeneity problems.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>The study reveals that female CEOs positively impact firm performance, while geopolitical risks decrease it. Gender plays a significant role in this relationship, with firms with female executives tending to make conservative financial decisions amidst increased risks. The study also shows that geopolitical threats (GPRT) have a greater impact on female CEOs-firm performance relationship in developed nations.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>This study is a new investigation that explores the intertwining relationship between geopolitical risk, female CEOs and firm performance across the countries.</p><!--/ Abstract__block -->","PeriodicalId":18140,"journal":{"name":"Managerial Finance","volume":null,"pages":null},"PeriodicalIF":1.9000,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Nexus between geopolitical risk, female CEOs and firm performance relationship: an international evidence\",\"authors\":\"Siddhartha Barman, Jitendra Mahakud\",\"doi\":\"10.1108/mf-05-2024-0353\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<h3>Purpose</h3>\\n<p>The purpose of this study is to examine the nexus between geopolitical risk, female CEOs and firm performance through a cross-country analysis.</p><!--/ Abstract__block -->\\n<h3>Design/methodology/approach</h3>\\n<p>The study period ranges from 2014 to 2021, and the dataset uses an unbalanced panel of 4,955 companies across 50 nations comprising both developed and emerging economies. Our study has employed a fixed-effect panel regression model, to examine this issue. This analysis was supplemented with applying a dynamic panel technique, i.e. System generalized method of moments (SGMM), to address any endogeneity problems.</p><!--/ Abstract__block -->\\n<h3>Findings</h3>\\n<p>The study reveals that female CEOs positively impact firm performance, while geopolitical risks decrease it. Gender plays a significant role in this relationship, with firms with female executives tending to make conservative financial decisions amidst increased risks. The study also shows that geopolitical threats (GPRT) have a greater impact on female CEOs-firm performance relationship in developed nations.</p><!--/ Abstract__block -->\\n<h3>Originality/value</h3>\\n<p>This study is a new investigation that explores the intertwining relationship between geopolitical risk, female CEOs and firm performance across the countries.</p><!--/ Abstract__block -->\",\"PeriodicalId\":18140,\"journal\":{\"name\":\"Managerial Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.9000,\"publicationDate\":\"2024-08-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Managerial Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1108/mf-05-2024-0353\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Managerial Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/mf-05-2024-0353","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Nexus between geopolitical risk, female CEOs and firm performance relationship: an international evidence
Purpose
The purpose of this study is to examine the nexus between geopolitical risk, female CEOs and firm performance through a cross-country analysis.
Design/methodology/approach
The study period ranges from 2014 to 2021, and the dataset uses an unbalanced panel of 4,955 companies across 50 nations comprising both developed and emerging economies. Our study has employed a fixed-effect panel regression model, to examine this issue. This analysis was supplemented with applying a dynamic panel technique, i.e. System generalized method of moments (SGMM), to address any endogeneity problems.
Findings
The study reveals that female CEOs positively impact firm performance, while geopolitical risks decrease it. Gender plays a significant role in this relationship, with firms with female executives tending to make conservative financial decisions amidst increased risks. The study also shows that geopolitical threats (GPRT) have a greater impact on female CEOs-firm performance relationship in developed nations.
Originality/value
This study is a new investigation that explores the intertwining relationship between geopolitical risk, female CEOs and firm performance across the countries.
期刊介绍:
Managerial Finance provides an international forum for the publication of high quality and topical research in the area of finance, such as corporate finance, financial management, financial markets and institutions, international finance, banking, insurance and risk management, real estate and financial education. Theoretical and empirical research is welcome as well as cross-disciplinary work, such as papers investigating the relationship of finance with other sectors.