424639

The Impact of CEO Characteristics on Firm Value

Article

Last updated: 04 May 2025

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Abstract

This paper examines the CEO (Chief Executive Officer) characteristics (CEO's independence, and financial experience) that have an impact on firm value (Return on Equity) with control variables (board size, and number of board meetings). The sample consists of 17 companies from 100 listed companies on the Egyptian Exchange (EGX), the selection of these companies is based on stringent criteria to ensure data reliability and consistency.
The study focuses on the period from 2015 to 2019, excluding the disruptive effects of the COVID-19 pandemic. Some statistics were used to get the results, such as descriptive analysis, descriptive statistics, normal distribution test, correlations test, autocorrelation test, multicollinearity test, and finally the empirical results. The results show that certain variables show marginal significance, but the overall explanatory power of the model is weak. Further investigation and refinement of the model may be necessary to better understand the factors influencing financial performance in the Egyptian market.

DOI

10.21608/jaebs.2025.424639

Keywords

Firm value, CEO characteristics, ROE, Financial Experience, CEO’s Independence

Volume

1

Article Issue

2

Related Issue

55345

Issue Date

2025-04-01

Receive Date

2024-12-02

Publish Date

2025-04-27

Page Start

47

Page End

59

Print ISSN

3009-7533

Online ISSN

2974-3680

Link

https://jaebs.journals.ekb.eg/article_424639.html

Detail API

http://journals.ekb.eg?_action=service&article_code=424639

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424,639

Type

Original Article

Type Code

2,997

Publication Type

Journal

Publication Title

Journal of Advances in Economics and Business Studies

Publication Link

https://jaebs.journals.ekb.eg/

MainTitle

The Impact of CEO Characteristics on Firm Value

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Article

Created At

04 May 2025