Journal

Philippine Management Review: CEO Characteristics Influence on CEO Duality: Evidence from the Philippines

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This study investigates the influence of chief executive officers' (CEO) demographic characteristics on the likelihood of CEO duality on boards of Philippine publicly listed corporations (PLCs). It draws on the competing perspectives of agency and stewardship, as well as human capital and upper echelon theories. It uses logistic regression on a sample of 252 active PLCs as of the end of 2021. Results indicate 30% of Philippine PLCs continue to practice CEO quality, despite the recommendation of the 2016 Code of Good governance for Philippine PLCs to separate the roles of CEO and chairman of the board (COB). It also demonstrates that the likelihood of CEO duality is influenced by gender, tenure, and age; that is, an older, longer tenured man has more chances to hold both the position of CEO and COB. This supports the idea that CEO duality choice is associated with experience-based human capital.

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Detail Information

Series Title

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Call Number

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Publisher

: ., c2024

Collation

Voil.31 p. 13-34

Language

English

ISBN/ISSN

1656-5363

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

CEO duality
CEO characteristics
Stewardship theory
Human capital theory
Upper echelon theory
Philippines

Specific Detail Info

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Statement of Responsibility

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