Do Financial Expert CEOs Really Affect Corporate Financial Policies and Firm Performance? Empirical Evidence from Taiwan

Abstract

The main purpose of this paper is to examine the effect of financial expert CEO on corporate financial policy and firm performance by using a sample of firms listed on Taiwan Stock Exchange including 351 with financial expert CEOs and 6956 with non-financial expert CEOs during 2005 to 2014 My empirical results show that firms with financial expert CEOs tend to hold less cash Nevertheless I do not find that financial expert CEOs show a better ability to time the market and perform better than non-financial expert CEOs

Date of Award	2016 Jun 22
Original language	English
Supervisor	Ping-Hsun Huang (Supervisor)