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CEO Religious Affiliation and Firm Performance

Date

2024-09-10

Journal Title

Journal ISSN

Volume Title

Publisher

ORCID

Type

Thesis

Degree Level

Masters

Abstract

The relationship between the CEO’s religious affiliation and firm performance has long been a topic of interest to researchers. I develop my hypothesis based on the upper echelons theory, the stakeholder theory, and the risk aversion theory in order to find out the relationship between CEOs’ religious affiliation and the performance of their firms. I study a large sample of S&P 1500 CEOs from 1992 to 2022 while controlling for different CEO-level and firm-level variables. My results indicate that CEO religious affiliation is negatively associated with firm performance. I perform different robustness tests and matched sample analysis which support my initial finding.

Description

Keywords

Religion, Firm performance, CEO characteristics, S&P 1500.

Citation

Degree

Master of Science (M.Sc.)

Department

Edwards School of Business

Program

Finance

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DOI

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