The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam
This paper investigates the impact of CEO career concerns on a firm’s investment efficiency. The research data were collected from 78 companies listed on HNX and HOSE including 13 state-owned enterprises and 65 private enterprises from 2010 to 2017. Using the FGLS regression method, the study finds...
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2020-05-01
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Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
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Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/247 |
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doaj-eb655917f3a443d98d6a81c160f6c7b52021-09-13T08:54:59ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782020-05-0115217619010.46223/HCMCOUJS.econ.vi.15.2.247.2020192The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in VietnamLê Thị Hồng Minh0Trương Thúy An1Trường Đại học Kinh tế Thành phố Hồ Chí MinhTrường Đại học Kinh tế Thành phố Hồ Chí MinhThis paper investigates the impact of CEO career concerns on a firm’s investment efficiency. The research data were collected from 78 companies listed on HNX and HOSE including 13 state-owned enterprises and 65 private enterprises from 2010 to 2017. Using the FGLS regression method, the study finds that older CEOs are prone to invest more efficiently and more cautiously. In addition, most newly appointed CEOs often invest below the optimal level, they are more concerned with their reputation than a firm’s growth strategies.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/247ceo mới được bổ nhiệmhiệu quả đầu tưquyết định đầu tưtuổi ceo |
collection |
DOAJ |
language |
Vietnamese |
format |
Article |
sources |
DOAJ |
author |
Lê Thị Hồng Minh Trương Thúy An |
spellingShingle |
Lê Thị Hồng Minh Trương Thúy An The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh ceo mới được bổ nhiệm hiệu quả đầu tư quyết định đầu tư tuổi ceo |
author_facet |
Lê Thị Hồng Minh Trương Thúy An |
author_sort |
Lê Thị Hồng Minh |
title |
The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam |
title_short |
The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam |
title_full |
The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam |
title_fullStr |
The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam |
title_full_unstemmed |
The impact of CEO career concerns on a firm’s investment efficiency - Experiment research in Vietnam |
title_sort |
impact of ceo career concerns on a firm’s investment efficiency - experiment research in vietnam |
publisher |
TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
series |
Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
issn |
2734-9306 2734-9578 |
publishDate |
2020-05-01 |
description |
This paper investigates the impact of CEO career concerns on a firm’s investment efficiency. The research data were collected from 78 companies listed on HNX and HOSE including 13 state-owned enterprises and 65 private enterprises from 2010 to 2017. Using the FGLS regression method, the study finds that older CEOs are prone to invest more efficiently and more cautiously. In addition, most newly appointed CEOs often invest below the optimal level, they are more concerned with their reputation than a firm’s growth strategies. |
topic |
ceo mới được bổ nhiệm hiệu quả đầu tư quyết định đầu tư tuổi ceo |
url |
https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/247 |
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