One size does not fit all: The conditional role of CEO education on IPO performance

Does the education level of the CEO and CFO affect the profitability of real estate and construction companies? Evidence from Vietnam

“…This result is consistent with the studies of [ 31 , 54 ], which found no significant association between CEO education level and corporate financial performance. However, this result did not receive homogeneity from the studies of [ 53 , 58 , 59 ] when they pointed out a significant, positive relationship between the CEO's education level and the firm's financial performance.…”

“…In a study of US initial public offerings between 1998 and 2018 [ 58 ], acknowledged that companies with CEOs with PhDs or MBAs were potentially profitable after three years of the listing is higher than that of a standard issuer. They also stated that the CEO's education enhances the company's IPO performance [ 59 ].…”

Timing the transition: gender diversity’s role in family IPOs

“…, 2011), the risk attitude of family firms (Zona et al. , 2023) and, generally speaking, IPO outcomes (Kallias et al. , 2023).…”

“…We employ several control variables at individual, family, firm and contextual level. First, CEO characteristics affect the time to IPO (Romano et al, 2019;Yang et al, 2011), the risk attitude of family firms (Zona et al, 2023) and, generally speaking, IPO outcomes (Kallias et al, 2023). Therefore, we control for CEO age (CEO_AGE), the difference between IPO year and CEO born date, CEO education (CEO_EDU), a dummy variable equal to one if the CEO has a degree, 0 otherwise, and for CEO family (CEO_FAM), a dummy variable equal to one if the CEO is a family member, 0 otherwise.…”

The “educational capital” of corporate boards and initial public offering pricing: Evidence from the US initial public offerings

“…Our research relates to the work of Dewar and Dutton (1986), Norburn and Birley (1988), Wiersema and Bantel (1992), Golec (1996), Tyler and Steensma (1998), Chevalier and Ellison (1999), Burke (2008), Hitt et al (2001), Barker and Mueller (2002) and Gottesman and Morey (2006), Hsu (2007), Cust odio et al (2013), Falato et al (2015, Miller et al (2015), King et al (2016), Wang and Yin (2018), Gounopoulos et al (2021), andKallias et al (2023) who investigate the association between education and firm performance. We expand this literature by producing the first study that focuses on the importance of board education and unravels the conditions under which this form of human capital can be a source of economic rents for the firm.…”