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328410

The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital

Article

Last updated: 24 Dec 2024

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Abstract

This paper aims to identify the CFO characteristics and explore the influence of such characteristics on the cost of capital. To reach the research objectives, a questionnaire is distributed to the CFOs of the non-financial firms listed on the Egyptian stock exchange. Moreover, secondary data is gathered to get any needed data for the financial decision. The results of the regression report that three factors significantly impact the cost of capital which are CFO gender, optimism, and extraversion trait. The findings reveal the importance of including other determinants in the corporate models than the traditional determinants and this supports the behavioral finance theory. This paper contributes to the literature by exploring CFO characteristics that are not fully studied in a corporate finance context, especially in a developing market.

DOI

10.21608/acj.2023.328410

Keywords

Keywords: Behavioral factors, personality traits, CFO, Cost of Capital, Egypt

Authors

First Name

Sara Wahid Raafat

Last Name

Bassiouny

MiddleName

-

Affiliation

Lecturer at the finance and accounting department College of Management and Technology Arab Academy for Science, Technology, and Maritime Transport Alexandria – Egypt

Email

sarawahid@aast.edu

City

-

Orcid

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Volume

60

Article Issue

5

Related Issue

43876

Issue Date

2023-09-01

Receive Date

2023-09-06

Publish Date

2023-12-02

Page Start

181

Page End

210

Print ISSN

2682-4183

Online ISSN

2682-4191

Article File

ACJ_Volume 60_Issue 5_Pages 181-210.pdf

PDF . 6.1MB

Link

https://acjalexu.journals.ekb.eg/article_328410.html

Detail API

https://acjalexu.journals.ekb.eg/service?article_code=328410

Order

6

Type

المقالة الأصلية

Type Code

759

Publication Type

Journal

Publication Title

مجلة جامعة الإسکندرية للعلوم الإدارية

Publication Link

https://acjalexu.journals.ekb.eg/

MainTitle

The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital

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Type

Article

Created At

24 Dec 2024