Features of CEO and Growth of Company Value: Quantitative Regression Analysis

Document Type : Original Article

Author

Department of Accounting, Bojnourd University, North Khorasan, Iran

10.22034/iaar.2021.131578

Abstract

In this study, the relationship between CEO characteristics and the growth value of listed companies in Tehran Stock Exchange was investigated. For this purpose, 117 companies were surveyed during the period 1389-1395. Required financial data were extracted by referring to financial statements and financial software and classified, summarized and calculated by Excel software and finally analyzed by Eviews software. Regarding to the statistical methods performed at the level of 0.95, using regression test results showed that there is a positive and significant relationship between CEO tenure and company value, and the same is true in companies with growth opportunity. There is a positive relationship between CEO financial knowledge and firm value in high growth opportunity companies. In addition, no reliable evidence was found that there was a relationship between CEO duality and firm value with 95% confidence level for growth opportunities.

Keywords