IDEAS home Printed from https://ideas.repec.org/a/ahd/journl/v5y2024i6p68-76.html
   My bibliography  Save this article

The Impact of Leadership Structure Characteristics on Performance Indicators within the Technology Sector of S&P 500 Component Companies

Author

Listed:
  • Ana-Gabriela RUSU

    (Bucharest University of Economic Studies)

Abstract

Corporate governance is becoming increasingly important. This is evidenced by the various issues of major companies coming to light as people pay more attention to CSR concepts. Scandals such as those arising from questionable practices of large companies like Wells Fargo, Equifax, Enron, and many others have raised questions about the effectiveness of corporate governance mechanisms. This has led to stricter laws and the introduction of new regulations aimed at improving these mechanisms. Thus, the purpose of the study is to analyse the influence that leadership structure characteristics have on financial performance. The empirical analysis is based on 39 technology companies, components of the S&P 500 Index. The research relies on panel data analysis over a period of 12 years (2011-2022). The results show that the characteristics of leadership structures impact the economic and financial profitability rates of technology companies within the S&P 500 Index.

Suggested Citation

  • Ana-Gabriela RUSU, 2024. "The Impact of Leadership Structure Characteristics on Performance Indicators within the Technology Sector of S&P 500 Component Companies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(6), pages 68-76, June.
    • Handle: RePEc:ahd:journl:v:5:y:2024:i:6:p:68-76
    DOI: 10.37945/cbr.2024.06.07
    as

    Download full text from publisher

    File URL: https://www.ceccarbusinessreview.ro/the-impact-of-leadership-structure-characteristics-on-performance-indicators-within-the-technology-sector-of-sampp-500-component-companies-a401d/download-PDF/
    Download Restriction: no
    File URL: https://www.ceccarbusinessreview.ro/the-impact-of-leadership-structure-characteristics-on-performance-indicators-within-the-technology-sector-of-sampp-500-component-companies-a401a/abstract/
    Download Restriction: no
    File URL: https://libkey.io/10.37945/cbr.2024.06.07?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rajeswararao S. Chaganti & Vijay Mahajan & Subhash Sharma, 1985. "Corporate Board Size, Composition And Corporate Failures In Retailing Industry[1]," Journal of Management Studies, Wiley Blackwell, vol. 22(4), pages 400-417, July.
    2. Patti Cybinski & Carolyn Windsor, 2013. "Remuneration committee independence and CEO remuneration for firm financial performance," Accounting Research Journal, Emerald Group Publishing Limited, vol. 26(3), pages 197-221, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Etienne Redor & Magnus Blomkvist, 2021. "Do all inside and affiliated directors hold the same value for shareholders?," Economics Bulletin, AccessEcon, vol. 41(3), pages 882-895.
    2. Mueller, George C. & Barker III, Vincent L., 1997. "Upper Echelons and Board Characteristics of Turnaround and Nonturnaround Declining Firms," Journal of Business Research, Elsevier, vol. 39(2), pages 119-134, June.
    3. Saito, Jun, 2016. "Boards of directors and bank performance in United Arab Emirates," IDE Discussion Papers 583, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    4. Wallace Davidson & Carol Nemec & Dan Worrell & Jun Lin, 2002. "Industrial Origin of CEOs in Outside Succession: Board Preference and Stockholder Reaction," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 6(4), pages 295-321, December.
    5. Ahsan Habib & Mabel D' Costa & Hedy Jiaying Huang & Md. Borhan Uddin Bhuiyan & Li Sun, 2020. "Determinants and consequences of financial distress: review of the empirical literature," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(S1), pages 1023-1075, April.
    6. Adel BOUBAKER & Mediha MEZHOUD, 2012. "Impact Of Internal Governance Mechanisms On The Ipo Long Term Performance," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 10, pages 129-146, December.
    7. Dominic Ose Erah & Eyenubo Samuel & Famous Izedonmi, 2012. "Chief Executive Officer Duality And Financial Performance of Firms In Nigeria," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 2(6), pages 125-134, November.
    8. Wu, Meng-Wen & Shen, Chung Hua, 2019. "Effects of shadow banking on bank risks from the view of capital adequacy," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 176-197.
    9. Fan, Dennis K.K. & Lau, Chung-Ming & Young, Michael, 2007. "Is China's corporate governance beginning to come of age? The case of CEO turnover," Pacific-Basin Finance Journal, Elsevier, vol. 15(2), pages 105-120, April.
    10. Aman, Hiroyuki & Nguyen, Pascal, 2013. "Does good governance matter to debtholders? Evidence from the credit ratings of Japanese firms," Research in International Business and Finance, Elsevier, vol. 29(C), pages 14-34.
    11. Ben Mohamed Ezzeddine & Sami Jarboui, 2017. "Do Corporate Governance Mechanisms Affect Public Transport Firm Value?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(3), pages 916-928, September.
    12. Anderson, Ronald C. & Mansi, Sattar A. & Reeb, David M., 2004. "Board characteristics, accounting report integrity, and the cost of debt," Journal of Accounting and Economics, Elsevier, vol. 37(3), pages 315-342, September.
    13. Mediha Mezhoud & Asma Sghaier & Adel Boubaker, 2017. "The Impact of Internal Governance Mechanisms on the Share Price Volatility of Listed Companies in Paris Stock Exchange," Bulletin of Applied Economics, Risk Market Journals, vol. 4(1), pages 1-12.
    14. Vincent O. Ongore & Peter O. K'Obonyo, 2011. "Effects of Selected Corporate Governance Characteristics on Firm Performance: Empirical Evidence from Kenya," International Journal of Economics and Financial Issues, Econjournals, vol. 1(3), pages 99-122, September.
    15. Afzalur Rashid, 2015. "Revisiting Agency Theory: Evidence of Board Independence and Agency Cost from Bangladesh," Journal of Business Ethics, Springer, vol. 130(1), pages 181-198, August.
    16. Alexeyeva, Irina, 2024. "Does board composition impact the timeliness of financial reporting? Evidence from Swedish privately held companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 54(C).
    17. Halldess Nguta Munene & James Ndegwa & Thomas Senaji & Kenneth M. Mugambi, 2020. "Influence of Board Characteristics on Financial Distress of Deposit Taking SACCOs in Nairobi County, Kenya," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(4), pages 97-110, October.
    18. Etienne Redor, 2021. "Do all inside and affiliated directors hold the same value for shareholders?," Post-Print hal-03290640, HAL.
    19. Lafuente, Esteban & Vaillant, Yancy & Vendrell-Herrero, Ferran, 2019. "Conformance and performance roles of bank boards: The connection between non-performing loans and non-performing directorships," European Management Journal, Elsevier, vol. 37(5), pages 664-673.
    20. James M. Mahoney & Joseph T. Mahoney & Chamu Sundaramurthy, 1996. "The effects of corporate antitakeover provisions on long-term investment: empirical evidence," Research Paper 9618, Federal Reserve Bank of New York.

    More about this item

    Keywords

    CEO duality; gender diversity; board size; independency; compensation committee; leverage; ROA; ROE; technology sector; USA; S&P 500;
    All these keywords.

    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahd:journl:v:5:y:2024:i:6:p:68-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu CIOBANU (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.