The Relationship between CEO Gender, Financial Performance and Financial Management

Jalbert, Terrance; Jalbert, Mercedes; Furumo, Kimberly

The Relationship between CEO Gender, Financial Performance and Financial Management

Journal of Business and Economics Research, Vol. 11(1), pp. 25-33, January 2013

9 Pages Posted: 17 Feb 2013 Last revised: 4 Apr 2013

See all articles by Terrance Jalbert

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

Kimberly Furumo

University of Hawaii at Hilo, CoBE; University of Hawaii at Hilo

Date Written: February 15, 2013

Abstract

In recent years, the number of female Chief Executive Officers (CEO’s) at large firm’s has increased to the point that it is possible to statistically compare the performance and management characteristics of firms managed by CEO’s of different genders. This paper is an exploratory study that examines the relationship between CEO gender and the performance and management of publicly traded firms. We use a large dataset of annual Forbes CEO data, combined with Compustat data, covering the time period of 1997 to 2006. Our results show that CEO gender is related to a number of factors including inside ownership and return on assets.

Keywords: Gender, CEO, Firm Performance, Financial Management, Valuation

JEL Classification: J33, M52, G30, M12

Suggested Citation: Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Furumo, Kimberly, The Relationship between CEO Gender, Financial Performance and Financial Management (February 15, 2013). Journal of Business and Economics Research, Vol. 11(1), pp. 25-33, January 2013. Available at SSRN: https://ssrn.com/abstract=2218859