Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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The Impact of Top Executive Team Heterogeneity on Firm Performance and Financial Leverage

Authors
Yuxiang Wang1, *
1Department of Mathematical Sciences, University of Liverpool, Liverpool, L69 7ZL, UK
*Corresponding author. Email: Y.Wang479@student.liverpool.ac.uk
Corresponding Author
Yuxiang Wang
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_37How to use a DOI?
Keywords
Top management team; Age heterogeneity; Occupational background heterogeneity; Long-term and short-term performance; Financial leverage
Abstract

This paper empirically analyzes the impact of top executive team heterogeneity on firm performance and financial leverage with fixed effects model based on data of Listed Companies in China's software and information technology service industry from 2012 to 2018. The results show that age heterogeneity has a significant negative correlation with short-term performance, but not with long-term performance. The relationship between occupational background heterogeneity and enterprise performance is not significant. Moreover, age heterogeneity has a significant negative effect on financial leverage, while occupational background heterogeneity has a significant positive effect.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
978-94-6463-054-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_37How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yuxiang Wang
PY  - 2022
DA  - 2022/12/14
TI  - The Impact of Top Executive Team Heterogeneity on Firm Performance and Financial Leverage
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 323
EP  - 335
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_37
DO  - 10.2991/978-94-6463-054-1_37
ID  - Wang2022
ER  -