CEO Education Research Articles

The Role of CEO Characteristics in Enhancing Carbon Emission Disclosure: Evidence from Indonesia

This study aims to investigate the influence of CEO characteristics, namely gender, age, and education level, on the disclosure of carbon emissions in manufacturing companies listed on the Indonesia Stock Exchange. Data analysis was conducted through three main stages: classical assumption testing, descriptive statistics, and application of multiple linear regression. This data testing utilized the STATA 14.0 statistical tool to evaluate the influence of CEO characteristics on carbon emissions disclosure. This study's results show that female CEOs, older CEO age, and higher CEO education levels significantly increase corporate carbon emissions disclosure. Female CEOs tend to be more concerned about environmental welfare, while older and highly educated CEOs are more understanding and committed to transparency and corporate social responsibility. This study provides practical implications for companies considering executive characteristics to improve their social performance. In addition, the results also emphasize the importance of gender diversity and investment in education to improve carbon emissions disclosure practices.

Exploring the moderating effect of family communication patterns on the family CEO characteristics – family firm internationalization relationship

This article explores the impact of family CEO characteristics on internationalization and how this relationship is moderated by family communication patterns. Drawing on family communication patterns theory, which states that family communication varies across two dimensions, i.e., family conversation orientation and family conformity orientation, we argue that early family communication shapes family CEOs’ behavior in later life and moderates the effect of family CEO characteristics on internationalization. Our results from a sample of 182 Belgian private family firms (FFs )show that family CEO education has a positive effect on the internationalization of FFs, but this effect decreases as the family conformity orientation increases. These findings make unprecedented and interesting contributions to upper echelon and family business research.

The effect of outward foreign direct investment on corporate green innovation in China

ABSTRACT The paper explores the impact of outward foreign direct investment (OFDI) on corporate green innovation. To achieve this, this study applied the Poisson regression to analyse a sample of 1,874 Chinese firms over 11 years. The main findings show that OFDI positively impacts corporate green innovation. The relationship is positively moderated by CEO attributes, i.e. international CEO education, CEO political connections, and CEO power. The findings contribute to the corporate environmentalism literature by examining how OFDI drives firms’ green innovation strategies.

Fraud Hexagon Analysis in Detecting Financial Statement Fraud with Corporate Governance as a Moderating Variable

The purpose of this research is to study the influence of the fraud hexagon on financial report fraud in insurance companies listed on the Indonesia Stock Exchange from 2018 to 2022, incorporating corporate governance as a moderating factor. In this study, the fraud hexagon serves as the independent variable, while financial report fraud is the dependent variable. The data analysis method used is multiple regression. The research findings indicate that the variables of external pressure and ineffective monitoring have a positive influence on financial report fraud. Conversely, the variables of total accruals, CEO education, CEO duality, and political connections show a negative influence on financial report fraud. Corporate governance, as a moderating variable, is found to moderate only the relationship between external pressure and CEO duality on financial report fraud.

CAN AUDIT COMMITTEE MODERATE FRAUD HEXAGON MODELS IN DETECT FRAUDULENT FINANCIAL REPORTS: AN EMPIRICAL STUDY OF PROPERTY AND REAL ESTATE SECTOR COMPANIES IN INDONESIA

This study seeks to provide empirical evidence of the impact of the Fraud Hexagon on fraudulent reports, with the Audit Committee serving as a moderating variable. The research focuses on companies in the property and real estate sectors listed on the Indonesia Stock Exchange 2020-2022 period. The object of this study is to examine the relationship between the elements of the fraud hexagon and financial statement fraud while considering the influence of the audit committee. This study employs regression analysis with MRA (modified regression analysis) for the purpose of data analysis. The findings of this study indicate that financial target, financial stability, external pressure, CEO education, nature of industry, CEO picture, audit opinion, and effective monitoring do not exert any influence on the likelihood of dishonest financial reporting. Simultaneously, alterations in leadership and political affiliations have an influence on deceitful financial statements within the property and real estate industries. Meanwhile, the audit committee can oversee the inadequate supervision of fraudulent financial reporting.

HOW DETECT FRAUD WITH HEXAGON MODEL ON FINANCIAL STATEMENT FRAUD IN PROPERTY AND REAL ESTATE INDONESIA

Examining how Freud's hexagon framework relates to financial statement fraud is the focus of this study. In total, ten factors were considered. Financial Target, Financial Stability, External Pressure, Change of Director, Nature of Industry, CEO Picture, Political Connection, Audit Opinion, CEO Education and Effective Monitoring. Financial statement fraud is measured using the Beneish M-Score Model. The research sample consists of industries in the property and real estate sector based on data from the Indonesia Stock Exchange (IDX) during the 2020-2022 period. The number of companies included in the sample was 35. This study uses panel data regression analysis for data analysis purposes. The results of this study indicate that Financial Target, Financial Stability, External Pressure, Change of Director, Nature of Industry, CEOPicture Audit Opinion and Effective Monitoring have no effect on the potential for fraudulent financial statements. While Change In Auditor and Political Connection have an effect on fraudulent financial statements in the Property and Real Estate sector.

Pengaruh Elemen Fraud Hexagon dan Karakteristik CEO terhadap Financial Statement Fraud

This study aims to determine the effect of fraud hexagon elements and CEO characteristic elements, namely external pressure, ineffective monitoring, change in auditor, change in director, frequent number of CEO's picture, collusion, CEO education, and CEO experience on financial statement fraud. This research is quantitative type. The population of this study are health sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period. The sampling method used purposive sampling and obtained 8 sample companies. This study uses secondary data obtained from the company's financial statements and annual reports. The analysis technique used is multiple linear regression analysis. The results showed that the variables of external pressure, ineffective monitoring, change in director, frequent number of CEO's picture, collusion, CEO education, and CEO experience had an effect on financial statement fraud. While the change in auditor variable has no effect on financial statement fraud

CEO OVERSEAS EXPERIENCE, FINANCIAL EXPERIENCE, SUPPLIER CONCENTRATION, UNDERSTANDING THE DYNAMICS OF INNOVATION PERFORMANCE IN CHINESE COMPANIES

In this study, supplier concentration is the independent variable, innovation performance is the dependent variable, dynamic capability is the mediator variable, and CEO overseas experience and financial experience serve as two moderating variables. It aims to reveal the complex relationship between supplier concentration, dynamic capabilities, CEO overseas experience, CEO financial experience, and innovation performance. The study aims to establish a core conceptual framework through demographic variables such as engaged industry, length of service, and CEO education. This study found: There is a significant positive relationship between supplier concentration and innovation performance, and supplier concentration positively contributes to innovation performance. Dynamic capability mediates the relationship between supplier concentration and innovation performance. The CEO's overseas experience does not significantly moderate the relationship between supplier concentration and dynamic capability. The CEO's financial experience does not significantly moderate the relationship between dynamic capability and innovation performance. relationship. This study reveals the intricate relationship between supplier concentration, dynamic capabilities, and innovation performance, and provides insights into the contingent role of CEO experience in shaping these relationships, thereby informing strategic decision-making and organizational practices with a view to fostering innovation and sustaining competitive advantage in today's dynamic business environment.

The Influence of CEO Characteristics On Environmental, Social, & Governance (ESG) Strategies In Non-Financial Sector Companies Listed On The Indonesian Stock Ex-change (IDX)

Global issues such as climate change, social injustice, and corporate misconduct have driven the emergence of the Environmental, Social, & Governance (ESG) concept as the foundation of business and investment strategies. While Indonesia has been a pioneer in ESG bond issuance, further steps are still needed to support national policies and ensure alignment with ASEAN and G20 goals in supporting sustainable finance. This study aims to determine the effect of CEO characteristics, namely Gender and Education, on the Environmental, Social, & Governance (ESG) of companies listed on the Indonesia Stock Exchange (IDX). The literature shows that Gender, Education, and CEO Experienxe affect the company's funding policy and capital structure, but the impact on ESG implementation is unclear. This study used a sample of 365 with a total of 73 companies. The data processing method used is panel linear regression analysis using RStudio software. The results showed that CEO gender has an insignificant positive effect, CEO education has a significant positive effect, and CEO experience has a significant negative effect on the ESG strategy score. The results of the study are expected to help companies in making policies to improve ESG and help investors in choosing ESG companies.

Pengaruh Karakteristik CEO terhadap Kinerja Perusahaan pada Perusahaan Sektor Transportasi dan Logistik di Indonesia

This research aims to examine the influence of CEO characteristics on company performance. The study employs a quantitative paradigm by processing secondary data resource. The population consists of transportation and logistics sector companies listed on the Indonesia Stock Exchange from 2018 to 2022. The sample size for this study is 70 companies, selected using purposive sampling and analyst by multiple linear regression analysis. Calculating performance based on Tobin’s Q, the results indicate that CEO Narcissism and CEO Education do not significantly affect Company Performance. CEO Gender has a positive impact on Company Performance, while CEO Tenure has a negative influence on Company Performance.

PERAN AUDIT COMMITTEE SEBAGAI PEMODERASI FAKTOR-FAKTOR YANG MEMENGARUHI FRAUDULENT FINANCIAL STATEMENT

This study aims to provide empirical evidence about the influence of external pressure, changes in auditors, nature of industry, changes in directors, political connections of fraudulent financial statements through the audit committee as a moderating variabel. The second objective is to identify the influence of CEO education and effective monitoring on fraudulent financial statements. The population used in this study are companies listed on the Indonesia Stock Exchange (IDX) in 2020-2022. The research sample was obtained through the purposive sampling method where there were 402 data that had been collected as samples. The data were analyzed using multiple regression methods to test the entire hypothesis. The results of this research indicate that external pressure has a negative impact on fraudulent financial statements. Therefore, the more significant the amount of debt obtained by a company, the more intensive the supervision conducted by creditors on the credit history of the company, and fraudulent activities can be detrimental to the company. The nature of the industry and effective monitoring have a positive impact on fraudulent financial statements. The audit committee strengthens the relationship between external pressure and fraudulent financial statements, while weakening the relationship between the nature of the industry and fraudulent financial statements. Moreover, changes in auditors, changes in directors, political connections, CEO education, changes in auditors moderated by the audit committee, changes in directors moderated by the audit committee, and political connections moderated by the audit committee have no significant influence on fraudulent financial statements.

CEO's prison experience and corporate risk-taking

This paper studies the impact of a CEO's prison experience on corporate risk-taking. Using a sample of Chinese private sector manufacturing firms listed on the A-shares in Shanghai and Shenzhen from 2000 to 2021, the results show that firms led by CEOs with prison experience have higher levels of risk-taking. Further analysis suggests that the marketization process moderates the positive effect of the CEO's prison experience on corporate risk-taking. Similarly, the effect is less pronounced according to the CEO's education level and political identity. This paper also finds that the effect of the CEO's prison experience on corporate risk-taking is amplified during the period of COVID-19.

Influence of CEO characteristics and audit committee on financial performance: Evidence from Iraq

The study aims to identify the effect of the CEO and audit committee characteristics on financial performance. To achieve the study's goal, panel data was adopted for 43 private Iraqi banks from 2018 to 2022 with 215 observations. The data was analyzed using Stata. Three models were used to analyze the data, and the preferred model was chosen by following several confirmation steps. The findings indicated that CEO education, CEO ownership, and CEO experience all influenced financial success. The audit committee's characteristics also played an essential role in the link between the characteristics of the CEO and financial performance. This study is added to critical studies for regulatory authorities and decision-makers, especially since shareholders and decision-makers always seek to appoint CEOs with the capabilities and talents to enable them to achieve shareholders' goals and enhance banks' competitiveness in different environments.

THE IMPACT OF FINANCIAL STATEMENT FRAUD THROUGH THE FRAUD HEXAGON ON CONSUMER CYCLICALS SECTOR COMPANIES ON THE INDONESIA STOCK EXCHANGE IN 2020-2022

The objective of this study is to collect empirical evidence regarding the Factors in the Fraud Hexagon Theory that can be used to detect financial statement fraud. The case study of the Consumer Cyclical Sector on the IDX in the range of 2020-2022 is used in testing the Fraud Score model. In this analysis, 89 Consumer Cyclicals companies serve as samples, purposeful sampling is used to select samples, in this study, financial statement fraud (KLK) is the dependent variable. The independent variables used are financial targets, financial stability, external pressure, CEO education, political connections, state-owned enterprises, external auditors, rationalization, and CEO duality. EViews version 13 testing software was used for data analysis of multiple linear regression analysis. This study shows that financial statement fraud is significantly influenced by external pressure and rationalization. There is no statistically significant correlation between financial objectives, financial stability, and rationalization.

The Effect of CEO Education, CEO Tenure, Company Risk, and Environmental Performance on Company Value

This study aims to determine the effect of CEO education, CEO tenure, company risk, and environmental performance on company value. This research used a purposive sampling method with the following criteria: the companies must not be delisted or suspended by the IDX, they must have complete background financial statement data and additional information regarding the educational background and tenure. The 294 samples observed in this research came from 116 companies listed on the Indonesia Stock Exchange that have an environmental management assessment (PROPER) report for the period 2018 – 2020. The research data were collected through the Indonesia Stock Exchange website, the company’s website, and the PROPER report issued by Indonesia’s Ministry of Environment and Forestry. SPSS 27 was used to process the data. The research found that CEO tenure has a negative effect on company value, while environmental performance positively affects company value. However, CEO education and company risk do not have a significant effect on company value. This research provides managerial contributions to investors and management, suggesting that they need to pay attention to aspects of CEO tenure and environmental performance because these factors were responded to by the market.

CEO Education from Reputable University and ESG Disclosure: Evidence from Indonesia

This study aims to examine the influence of CEO educational background, specifically MBA and engineering degrees gained from reputable universities, on environmental, social, and governance disclosure. The sample used in this study consists of 332 companies out of the total population of 407 listed companies on the Indonesia Stock Exchange that disclosed sustainability reports during the period from 2016 to 2020. The analysis was conducted using multiple linear regression. The findings of this study reveal that CEOs with MBA and engineering degrees gained from reputable universities, based on the QS world university ranking, significantly and positively influence ESG disclosure. This research contributes to the literature on CEO characteristics, particularly their educational background with specific degrees like MBA and engineering, and their impact on ESG disclosure. For policymakers, these findings highlight the importance of considering the educational background of the CEO in the selection and training process, as well as its potential implications for ESG disclosure regulations.

Pengaruh CSR, Technology dan CEO Education terhadap Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

This research aims to determine the influence of CSR, Technology and CEO Education on company profitability. The sample used in this research is manufacturing companies listed on the Indonesia Stock Exchange (BEI) for the period 2017 - 2022. The independent variables in this research are CSR, Technology, CEO Education and the dependent variable is company profitability. The total research sample was 26 manufacturing companies using purposive sampling. The empirical results of this research use the eviews 9 program with panel data regression. Based on panel data regression results, it shows that Technology has an influence on company profitability, while CSR and CEO Education have no influence on company profitability. . It is hoped that the results of this research can be a reference for companies and investors to increase company profitability.

PENGARUH KARAKTERISTIK CEO, CEO OVERCONFIDENCE, DAN BLOCKHOLDER OWNERSHIP TERHADAP KEPATUHAN PAJAK

The low level of tax compliance that occurs in Indonesia causes a lot of losses to the State. The low level of tax compliance requires a reliable understanding of the field. This research explains several problem formulations, including whether CEO characteristics influence tax compliance, whether CEO overconfidence influences tax compliance, and finally whether blockholder ownership influences tax compliance. The population used in this study uses companies listed on the Kompas 100 index on the Indonesian Stock Exchange. Researchers took samples using purposive sampling method with a total of 156 samples. Then, for the analysis used is multiple regression analysis. The results obtained in this research are that CEO education on CEO characteristics has a positive effect on tax compliance, CEO compensation on CEO characteristics has no positive effect on tax compliance, CEO overconfidence has a negative effect on tax compliance. blockholder ownership has no positive effect on tax compliance.

Determinan Faktor-Faktor Capability sebagai Perspektif Fraud Diamond terhadap Kecurangan Laporan Keuangan

Financial statement fraud is defined as deliberately not following the accepted accounting principles when reporting financial information, which leads to significant omissions or distortions of the facts. The purpose of this study is to determine the effect of capability in detecting fraudulent financial statements. Fraudulent financial statements can occur when a company intentionally violates accounting principles or ignores applicable financial reporting standards. Fraud diamond is one of fraud risk factor, one of which is capability. Many frauds, especially some of the multibillion-dollar ones, would not have occurred without the right person with the right capabilities in place. In this study, capabilities as measured by CEO prestige power, CEO education, CEO experience, CEO horizon, CEO founder, CEO expert power, CEO age similarity, and CEO number executive. The type of data used in this study is secondary data in manufacturing companies listed on the Indonesia Stock Exchange in 2017-2021. Sampling method by purposive sampling, obtained as many as 114 companies as samples. The data analysis method used logistics regression. The results of this study show that CEO age similarity and CEO number executive has a positive impact on fraudulent financial statements, meanwhile the other variables have no impact of fraudulent financial statements. 

The impact of CEO education on the investment attractiveness of companies

Subject. The article considers the influence of CEO education on investment attractiveness of companies. Objectives. We focus on assessing the impact of CEO's level of education on company’s investment appeal. Methods. The empirical evidence contains observations on the 103 largest companies by capitalization from three macro regions: Russia, the USA, and Europe, for 2021. To test the stated hypotheses, we employ linear regression and neural network. The latter enables to build more complex (and hidden) dependencies due to multi-stage transformation of variables, and get a better predictive ability of the theoretical model on a test set than a classical linear regression. The outliers in the sample are replaced with typical values, using the k nearest neighbors method. To select the most significant independent variables in the dataset, we use a random forest algorithm that shows which variables should be included in the model. Results. The study confirmed that if Russian CEOs have an MBA degree, technical education and a degree from a prestigious American university, or technical education from European universities, this makes companies more attractive to investors. The findings serve not only as a theoretical basis for development of the agency theory of corporate finance and corporate governance, but also can be applied in practice by company shareholders to select CEOs. Conclusions. The analysis, involving the economic and mathematical methods and machine learning, demonstrated the dependence of the characteristics of CEO education on investment attractiveness of the world's largest corporations. Accordingly, shareholders need to pay special attention to the education of CEO candidates.