Is a MBA Degree Necessary to Be a CEO of Large Corporation: The Case of Fortune Magazine Global Top 100 Corporations?

Zandi, Gholamreza; Lok, Stanley Yap Peng; Aslam, Ayesha; Singh, Daljit

doi:10.5539/ibr.v8n12p96

Cited by 4 publications

(3 citation statements)

References 3 publications

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“…There are no rulebooks demanding that CEOs should have a degree of post-graduation or that they must have joined college. Nonetheless, not many individuals these days make it to the peak of the business ladder in the absenteeism of formal education (Zandi et al , 2015) (Table III).…”

Section: Related Literaturementioning

confidence: 99%

Do CEO characteristics explain firm performance in India?

Kaur

Singh

2019

JSMA

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Purpose The center of concern of this empirical paper is the connection between chief executive officer (CEO) characteristics and firm performance. The paper aims to discuss this issue. Design/methodology/approach The paper inquires into the hypothesis on the relationship between CEO characteristics (demographic and professional) and accounting measures of firm value. The study is based on second-hand information comprising of Nifty 500 firms for a period of five years ranging from 2012 to 2016. Panel regressions are run on the final sample composed of 1,535 observations to test the hypothesized relationship. Findings The stated findings specify that long-tenured CEOs and firms led by female CEOs are negatively related to firm performance. Moreover, the authors find that the greater the CEO share ownership, higher the firm performance stands. Further, duality and foreign CEOs make a significant contribution when firm value is based on ROA. Results also show that CEO outside directorships have a noteworthy positive relationship with ROE. Research limitations/implications The findings are limited to non-financial listed companies of the index. Future research can also experiment with financial and unlisted companies to have a different perspective. Practical implications The study may provide worthwhile insights to shareholders as they largely seek to hire the most capable CEOs with the relevant combination of skills to achieve shareholders’ goals and improve the Indian competitive power in the global market. Originality/value This paper provides a comprehensive picture by inculcating different CEO traits especially in a progressing nation like India with a unique set of economic, political and cultural environment.

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Section: Related Literaturementioning

confidence: 99%

Do CEO characteristics explain firm performance in India?

Kaur

Singh

2019

JSMA

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“…There are no rules demanding that CEOs must have a postgraduate degree or that they should have attended college. Nevertheless, not many people these days make it to the peak of the corporate ladder in the absence of formal education (Zandi, Lok, Aslam, & Singh, 2015). Barker and Mueller (2002) confirmed that there was a significant enhancement in R&D spending linked with a CEO possessing an undergraduate degree, but no significant impact was noticed for advanced levels of educational achievement.…”

Section: Related Literaturementioning

confidence: 99%

CEOs’ Characteristics and Firm Performance: A Study of Indian Firms

Kaur

Singh

2018

Indian Journal of Corporate Governance

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The centre of interest of this research article is the association between chief executive officer (CEO) characteristics and firm performance. Employing a sample of Nifty 500 firms, the support found recommends that demographic and job-related characteristics may be related with the firm's financial performance. We consider CEO gender, duality, nationality, remuneration and education level as CEO characteristics and we employ return on assets (ROA) as a representative for firm performance. This study widens the understanding of the important function played by the CEO and provides better insight into CEO-specific variables. Specifically, the reported findings specify a positive relationship between CEO remuneration and firm performance, thus indicating that compensation acts as a good inducement for executives to yield finer firm performance while CEO nationality appears to inhibit it, steering foreign directors to a minority spot. This implies that remuneration should be more thoughtfully attached to performance, so that proficient CEOs are not lured by more tempted compensation elsewhere and the decision to engage foreign nationals to company boards must be based on norms other than the firm's future financial performance.

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“…The Organization and ii) CEO vs. Top Management Teams. In crafting this review paper, we discovered that the literature review on G-CEO and S-CEO has been discussed in majority cases by comparing it with organizational parameters, next in some studies by matching it with characteristics of executives below the level of CEO (including Directors and direct reportees of CEO) (Custódio and Metzger, 2013;Mishra, 2014;Zandi et al, 2015). Hence, it seems reasonable to identify these two as the broad classifications on CEO Generalization/Specialisation.…”

Section: Leadership Perspective On Ceomentioning

confidence: 99%

CEO should be a generalist or specialist? Empirical foundations for leadership research

Soomro

Hanafiah

2022

gabs

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Chief Executive Officer is the senior most leader in charge of managing an organization. This paper reviews peer-reviewed empirical studies on Chief Executive Officers, and extends the empirical arguments to Generalist and Specialist Chief Executive Officers explicitly, and in the process conceptualizes three schools of thought: Technical, Managerial and Intrapreneurial. These empirical arguments have been contrasted with dependent, independent, moderating and mediating variables from the leadership literature. Additionally, the empirical studies have been matched with two broad and three narrow leadership domains, to provide insight for further research in the area of corporate leadership. This paper indicates that Generalist Chief Executive Officers and Specialist Chief Executive Officers have different standpoints for different reasons.

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Is a MBA Degree Necessary to Be a CEO of Large Corporation: The Case of Fortune Magazine Global Top 100 Corporations?

Cited by 4 publications

References 3 publications

Do CEO characteristics explain firm performance in India?

Do CEO characteristics explain firm performance in India?

CEOs’ Characteristics and Firm Performance: A Study of Indian Firms

CEO should be a generalist or specialist? Empirical foundations for leadership research

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