Ceo Characterıstıcs On Fırm Value Wıth Fırm Sıze As A Moderatıng Varıable

This study aims to determine the effect of CEO power, CEO narcissism, CEO education, and CEO tenure on firm value with firm size as a moderating variable. This study uses purposive sampling technique, thus obtaining 180 observation data from 46 conventional banking companies listed on the Indonesia Stock Exchange. The method used is a quantitative approach using panel data regression analysis based on EViews version 10. The results of this study are CEO power has a positive and significant effect on firm value, CEO narcissism, CEO education, and CEO tenure have no effect on firm value. Firm size is able to moderate the effect of CEO power on firm value, firm size is unable to moderate the effect of CEO narcissism, CEO education and CEO tenure on firm value. The results of this study are expected to provide information for consideration by stakeholders, such as the board of directors and investors in making more informational decisions regarding the selection of the right CEO to increase firm value optimally. This study uses firm size as a moderating variable in examining the effect of CEO characteristics on firm value. This study fills the literature gap by examining how CEO power, narcissism, education, and tenure affect firm value based on the scale of company operations.

Authors

Publication Details

Journal
Asian Journal of Management Entrepreneurship and Social Science
Published
2025-03-01
DOI
https://doi.org/10.63922/ajmesc.v5i01.1267
Primary Topic
Cultural and Sociopolitical Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Ceo Characterıstıcs On Fırm Value Wıth Fırm Sıze As A Moderatıng Varıable

Anny Widiasmara, Syaharani Aisyah
Asian Journal of Management Entrepreneurship and Social Science
Cultural and Sociopolitical Studies
article

Ceo Characterıstıcs On Fırm Value Wıth Fırm Sıze As A Moderatıng Varıable

Anny Widiasmara, Syaharani Aisyah
article en

Abstract

This study aims to determine the effect of CEO power, CEO narcissism, CEO education, and CEO tenure on firm value with firm size as a moderating variable. This study uses purposive sampling technique, thus obtaining 180 observation data from 46 conventional banking companies listed on the Indonesia Stock Exchange. The method used is a quantitative approach using panel data regression analysis based on EViews version 10. The results of this study are CEO power has a positive and significant effect on firm value, CEO narcissism, CEO education, and CEO tenure have no effect on firm value. Firm size is able to moderate the effect of CEO power on firm value, firm size is unable to moderate the effect of CEO narcissism, CEO education and CEO tenure on firm value. The results of this study are expected to provide information for consideration by stakeholders, such as the board of directors and investors in making more informational decisions regarding the selection of the right CEO to increase firm value optimally. This study uses firm size as a moderating variable in examining the effect of CEO characteristics on firm value. This study fills the literature gap by examining how CEO power, narcissism, education, and tenure affect firm value based on the scale of company operations.

Asian Journal of Management Entrepreneurship and Social ScienceVol. 5(01)
Openalex Percentile: Top 89%
Cultural and Sociopolitical Studies
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