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Article

Влияние личностных качеств генеральных директоров на доходность акций российских компаний

Вопросы экономики. 2017. № 8. С. 149-157.
Ованесова Ю. С., Зотов Е. В.

 

This study focuses on the analysis of CEOs’ personal characteristics influence on abnormal stock returns of Russian companies. The object of the research is the companies, which have been listed on Moscow stock exchange. The subject of the research is CEOs’ personal characteristics and stock returns as well. The paper examined a hundred of CEOs’ profiles with personal characteristics. We used single cross-sectional analysis using two models. There were considered to analyze the following CEOs dependent variables: gender, age, number of children, education, tenure, previous employer (internal or external candidate), nationality, and the availability of shares in the company. The study found the following significant indicators: previous employer, children, CEO age and tenure. These results may be interesting to investors who make a decision to buy or sell stocks and researchers from the following disciplines - economics, management and sociology.