The impact of board characteristics and CEO/Chairman attributes on firm performance: Evidence from CAC40
DOI:
https://doi.org/10.59051/joaf.v8i2.95Abstract
The aim of this paper is to examine the relationship between firm performance and Board characteristics and CEO/chairman attributes. Based on a sample of French companies belonging to the CAC40 index over a period from 2010 to 2014, we tested the effect of the CEO attributes on the financial performance of companies and found that CEO age and nationality have negative and significant effects on the ROA ratio. Regarding the effect of chairman attributes, we find that the age of the chairman of the board is negatively associated with the level of performance, but this association is not significant. For variables relating to board characteristics, we find that only the size of the board of directors is significantly associated with the financial performance of firms.
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Copyright (c) 2017 Nidhal ZIADI, Haykel ZOUAOUI, Meriem RHOUMA
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