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
Do Financial Expert CEOs Really Affect Corporate Financial Policies and Firm Performance? Empirical Evidence from Taiwan
冠文, 王. (Author). 2016 6月 22
學生論文: Master's Thesis