CEO Religious Affiliation and Firm Performance
Date
2024-09-10
Authors
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