The Influence of Director's Face Score and Ability on The Company's Financial Performance

作者: Cuifeng Wu , Xiachengqi Li

DOI: 10.1145/3409891.3409896

关键词: Power (social and political)Initial public offeringBusinessFinancial performancePaceAccountingChinaGlobalizationInternal managementFace (sociological concept)

摘要: With the accelerating pace of globalization, directors, as an important force with actual power and authority in company, are inextricably linked internal management external activities company. Therefore, personal characteristics directors have great impact on performance This paper takes 722 listed non-financial companies China's GEM example. It focuses study company's including face score ability. The research conclusions show that: In Growth Enterprise Market, directors' abilities a significant positive IPO activity, scores negative influence ROA company at initial stage director's entry into

参考文章(13)
Nicholas O. Rule, Nalini Ambady, The Face of Success: Inferences From Chief Executive Officers' Appearance Predict Company Profits Psychological Science. ,vol. 19, pp. 109- 111 ,(2008) , 10.1111/J.1467-9280.2008.02054.X
Amanda B. Bower, Stacy Landreth, Is Beauty Best? Highly versus Normally Attractive Models in Advertising Journal of Advertising. ,vol. 30, pp. 1- 12 ,(2001) , 10.1080/00913367.2001.10673627
J. PETER WILLIAMSON, MUTUAL FUNDS AND PORTFOLIO SELECTION The Financial Review. ,vol. 6, pp. 1- 14 ,(1971) , 10.1111/J.1540-6288.1971.TB01505.X
Markus M Mobius, Tanya S Rosenblat, Why Beauty Matters The American Economic Review. ,vol. 96, pp. 222- 235 ,(2006) , 10.1257/000282806776157515
Chanho Cho, Joseph T. Halford, Scott Hsu, Lilian Ng, Do managers matter for corporate innovation? Journal of Corporate Finance. ,vol. 36, pp. 206- 229 ,(2016) , 10.1016/J.JCORPFIN.2015.12.004
Tatyana Deryugina, Olga Shurchkov, DOES BEAUTY MATTER IN UNDERGRADUATE EDUCATION Economic Inquiry. ,vol. 53, pp. 940- 961 ,(2015) , 10.1111/ECIN.12152
Harry Garretsen, Luuk J. Spreeuwers, Janka I. Stoker, The Facial Appearance of CEOs: Faces Signal Selection but Not Performance PLOS ONE. ,vol. 11, pp. 1- 11 ,(2016) , 10.1371/JOURNAL.PONE.0159950
Satoshi Kanazawa, Mary C. Still, Is There Really a Beauty Premium or an Ugliness Penalty on Earnings Journal of Business and Psychology. ,vol. 33, pp. 249- 262 ,(2018) , 10.1007/S10869-017-9489-6
YH Kim, Shinichi Kamiya, Soohyun Park, The face of risk: CEO facial masculinity and firm risk European Financial Management. ,vol. 25, pp. 239- 270 ,(2019) , 10.1111/EUFM.12175
Bonai Fan, Hao Ding, Jia Jin, Menglin Zhao, Qingguo Ma, Does the beauty premium effect always exist? — an ERP study of the facial attractiveness stereotype in public’s attitudes toward in-Service Chinese civil servant International Journal of Neuroscience. ,vol. 129, pp. 1213- 1222 ,(2019) , 10.1080/00207454.2019.1655012