Original scientific paper
https://doi.org/10.1080/1331677X.2022.2135553
C.E.O. academic experience and firm sustainable growth
Liangcheng Wang
Ziyue Tian
Xiezheng Wang
Tao Peng
Abstract
Chief executive officers (C.E.O.s) play a dominant role in firm decision-
makings and operations, and their characteristics will affect
firm sustainable growth. This study investigates whether C.E.O.
academic experience affects firm sustainable growth. Using a sample
from China, we find that C.E.O. academic experience is positively
related to firm sustainable growth, and the effect is
pronounced for high-tech firms. Further analyses demonstrate
that the results are robust to alternative measures and controlling
for endogeneity problems. Finally, the channel analysis shows
that the effect is partially driven by firm innovation and
internal control.
Keywords
academic experience; sustainable growth; C.E.O.; innovation; internal control
Hrčak ID:
306692
URI
Publication date:
30.4.2023.
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