Abstract
This study analyzes the influence of CEO age on corporate performance under the big data environment and the role of media coverage in this relationship by taking the A-share listed companies from 2009 to 2019 as research objects. Our results show that in the low-speed developing enterprises, the older the CEO, the higher the level of corporate performance. Positive and neutral media reports positively affect corporate performance, whereas negative media reports negatively affect corporate performance. Media reports (including positive, negative, and neutral media reports) weaken the influence of CEO age on corporate performance
Highlights
In today’s era of big data, in addition to newspapers, television, radio, and other traditional media, the influence of network media is gradually emerging[1]
We put forward the following hypotheses: H3a: Positive media reports weaken the effect of CEO age on corporate performance
H3c: Negative media reports weaken the effect of CEO age on corporate performance
Summary
In today’s era of big data, in addition to newspapers, television, radio, and other traditional media, the influence of network media is gradually emerging[1]. These media have a wide range of user traffic and convenient communication platform, which has brought great market attention to listed companies and considerable pressure to CEO career concerns. Network media reports are all-inclusive, but they are mixed[2]. Enterprises in the big data environment are under the magnifying glass of various media. The recent report of Evergrande’s major asset restructuring has brought an unprecedented crisis to the enterprise[4]. Enterprises and CEOs should pay attention to media reports
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