A Survey of Research on the Effect of CEO Dominance and CEO Characteristics on Capital Structure
Authors
Yaqi Zhang1, *, Yonglin Zhang2
1School of Economics and Management, North China University of Technology, Beijing, 100114, China
2School of Social Sciences, The University of Manchester, Manchester, M13 9PL, United Kingdom
*Corresponding author. Email: heihei010906@126.com
Corresponding Author
Yaqi Zhang
Available Online 18 April 2022.
- DOI
- 10.2991/aebmr.k.220404.013How to use a DOI?
- Keywords
- CEO dominance; CEO characteristics; Capital structure; Leverage; Debt; Optimistic manager
- Abstract
In this study, we outline papers connecting firms’ capital structure to CEO dominance and CEO power. Most papers examining how the choice of capital structure is influenced by one or several specific variables related to the CEO. Whether the impact on changes in leverage on firm performance depends on CEO dominance is the focus on this paper. Research generally shows that entrenched CEOs will have an impact on a company’s capital structure and lead to low levels of leverage. Our study aims to summarize some existing research and propose some possible future research directions to help researchers come up with new ideas and possible advances.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Yaqi Zhang AU - Yonglin Zhang PY - 2022 DA - 2022/04/18 TI - A Survey of Research on the Effect of CEO Dominance and CEO Characteristics on Capital Structure BT - Proceedings of the 2022 International Conference on Creative Industry and Knowledge Economy (CIKE 2022) PB - Atlantis Press SP - 68 EP - 72 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220404.013 DO - 10.2991/aebmr.k.220404.013 ID - Zhang2022 ER -