S-Space College of Business Administration/Business School (경영대학/대학원) Dept. of Business Administration (경영학과) Theses (Master's Degree_경영학과)
CEO Educational Background and Firm Performance: Evidence from China’s NASDAQ
CEO의 교육 배경과 기업 성과: 중국판 NASDAQ 시장을 중심으로
- 경영대학 경영학과
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 경영대학 경영학과, 2018. 8. 조성욱.
- This paper examines whether CEO’s different types of education-related background information influences firm performance by using data of China’s ChiNext market listed companies from 2011 to 2016. Findings show that the level of CEO’s higher education is significantly essential. The market price positively reacts to education background improvement in the short run around the CEO switch announcement day. Moreover, 2SLS results show that CEO with higher education contributes to higher firm profitability. In short, this paper suggests that the education level of CEO is an important factor that leads to higher firm performance.
Keywords: CEO’s educational background, Firm Performance, China’s ChiNext Market