The moderating role of CEO race on the relationship between CEO masculinity and company financial performance

Almaqtari, Faozi A.; Hussainey, Khaled; Mohamad, Nor Raihan; Hashim, Hafiza Aishah; Elsheikh, Tamer

doi:10.1504/ijbge.2022.10050891

Cited by 3 publications

(1 citation statement)

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“…Hence, government face increasing political pressure to produce similar ESG disclosure from buisnesses in the extractive industries (Hilson, 2012). Prior empirical evidence (Baalouch et al , 2019; Chen and Jang, 2015; Elsheikh et al , 2022) emphasizes the influence of government regulations on environmental disclosure across several countries. In a recent study, Gerged et al (2021) report that government effectiveness has a positive association with environmental disclosure.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

Almaqtari,

Elsheikh,

Hussainey

et al. 2023

SEF

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Purpose The purpose of this study is to examine the impact of country-level governance on sustainability performance, taking into account the effect of sustainable development goals (SDGs) and board characteristics. Design/methodology/approach This study uses panel data analysis using fixed effect models to investigate the influence of country-level governance on sustainability performance while considering the effect of SDGs and board characteristics. The sample comprises 8,273 firms across 41 countries during the period spanning from 2016 to 2021. The sample is divided into two categories based on the score of SDGs. Findings The findings of this study show that countries with high SDGs score have better overall country-level governance and board attributes which have a statistically significant positive impact on sustainability performance. However, for those countries with low SDGs, political stability shows a statistically insignificant and negative impact on sustainability performance, while government effectiveness indicates a statistically insignificant positive impact on sustainability performance. Originality/value This study contributes to the literature by providing empirical evidence on the relationship between country-level governance, SDGs, board characteristics and sustainability performance. The study also highlights the importance of considering the effect of SDGs on the relationship between country-level governance and sustainability performance. The findings of this study could be useful for policymakers and firms in improving their sustainability performance and contributing to sustainable development.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

Almaqtari,

Elsheikh,

Hussainey

et al. 2023

SEF

Self Cite

View full text Add to dashboard Cite

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The impact of board characteristics on environmentally friendly production: A cross country study in Asia and Europe

Almaqtari

Elsheikh

Al-Hattami

et al. 2023

Journal of Cleaner Production

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CEO masculine behavior and earnings management: does ethnicity matter?

Elsheikh

Hashim

Mohamad

et al. 2023

JFRA

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Purpose This study aims to investigate the relationship between the Chief Executive Officers (CEOs’) masculinity, CEO characteristics (accounting background, turnover and ethnicity/race) and earnings management (EM) in Malaysia. It also examined the moderating effect of the CEOs’ ethnicity/race (Bumiputera and non-Bumiputera) on the relationship between CEO masculinity and EM. Design/methodology/approach The analyses were based on a panel data set of 260 corporates listed on the Bursa Malaysia from 2009 to 2019. Python/code was used to calculate the facial width-to-height ratio (fWHR), while testosterone (TESTN) was calculated based on CEO age and fWHR. To estimate the results, panel data analysis with a fixed effect model was used. Findings The result shows that fWHR and TESTN have a significant positive effect on EM. CEO race has a significant impact on EM, implying that non-Bumiputera CEOs are more likely to be associated with EM. There was no statistically significant evidence that race moderates the relationship between CEO masculinity and EM. Research limitations/implications The research contributes to the growing evidence in the field of neuroscience that it is possible to infer aspects of an individual’s behavior based on their facial structure and their TESTN levels. The findings provide new evidence supporting Malaysian Government policies in reducing masculinity on boards of directors and senior executive positions, which will positively affect the integrity of financial reports. Originality/value To the best of the authors’ knowledge, it is the first research to explain whether the ethnicity/race of CEOs is related to EM and whether it has a significant moderate effect on the relationship between masculinity and EM.

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The moderating role of CEO race on the relationship between CEO masculinity and company financial performance

Cited by 3 publications

References 0 publications

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

Country-level governance and sustainable development goals: implications for firms’ sustainability performance

The impact of board characteristics on environmentally friendly production: A cross country study in Asia and Europe

CEO masculine behavior and earnings management: does ethnicity matter?

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