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Does AACSB Accreditation Matter? Evidence from Large Firm CEOsTerrance JalbertUniversity of Hawaii at Hilo - Department of Business Administration Mercedes JalbertThe Institute for Business and Finance Research Kimberly FurumoUniversity of Hawaii at Hilo, CoBE; University of Hawaii at Hilo April 13, 2011 Journal of Applied Business Research, Vol. 27, No. 3, pp. 93-106, 2011 Abstract: Accreditation from the Association to Advance Collegiate Schools of Business (AACSB) is highly sought after by business schools both in the United States and internationally. Business schools devote considerable resources to earn and maintain the accreditation. Despite this effort and expense, surprisingly little literature has examined the extent to which AACSB accredited schools outperform non-accredited schools in market driven situations. This study is a first effort to fill this gap in the literature. The research here examines CEOs from large U.S. firms. Specifically, compensation earned by CEOs from AACSB accredited schools are compared to compensation earned by CEOs from non-accredited schools. We also examine the extent to which CEOs from accredited and non-accredited schools manage their firms differently and earn higher profits than other CEOs. Capital structure, dividend policy and firm valuation are compared for firms having CEOs with different educational backgrounds.
Number of Pages in PDF File: 12 Keywords: AACSB, Accreditiation, CEO Performance, CEO compenation, capital structructure, dividend policy JEL Classification: A20, I20, I21 Accepted Paper SeriesDate posted: April 16, 2011 ; Last revised: November 25, 2011Suggested CitationContact Information
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