Do CEO gender and marital status affect firm’s R&D and Value? An empirical analysis using nonlinear models

Keshab Shrestha; Cheng few Lee; Abdul Ghafoor

doi:10.1007/978-3-030-91231-4_73

Do CEO gender and marital status affect firm’s R&D and Value? An empirical analysis using nonlinear models

Keshab Shrestha, Cheng few Lee, Abdul Ghafoor

Malaysia School of Business

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Research › peer-review

Abstract

This chapter reviews some nonlinear models used in corporate finance research. We also propose and empirically test some hypotheses regarding the effects of CEO gender and marital status on firm’s R&D investment and firm values. We find that there is no association between the R&D investment and CEO gender. Similarly, there is not an association between the R&D investment and CEO marital status. However, using the usual Tobin’s Q to represent the firm value, we find that both single CEO and male CEO enhance the firm value. We also find a nonlinear relationship between firm value and each of the two variables like firm size and institutional ownership. Finally, we find a significant positive association between the free cash flows and firm value but a significantly negative association between the firm value and leverage.

Original language	English
Title of host publication	Encyclopedia of Finance
Editors	Cheng-Few Lee, Alice C. Lee
Place of Publication	Cham Switzerland
Publisher	Springer
Chapter	73
Pages	1685-1701
Number of pages	17
Edition	3rd
ISBN (Electronic)	9783030912314
ISBN (Print)	9783030912307
DOIs	https://doi.org/10.1007/978-3-030-91231-4_73
Publication status	Published - 13 Sept 2022

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10.1007/978-3-030-91231-4_73

1 Article

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24 Citations (Scopus)

Cite this

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abstract = "This chapter reviews some nonlinear models used in corporate finance research. We also propose and empirically test some hypotheses regarding the effects of CEO gender and marital status on firm{\textquoteright}s R&D investment and firm values. We find that there is no association between the R&D investment and CEO gender. Similarly, there is not an association between the R&D investment and CEO marital status. However, using the usual Tobin{\textquoteright}s Q to represent the firm value, we find that both single CEO and male CEO enhance the firm value. We also find a nonlinear relationship between firm value and each of the two variables like firm size and institutional ownership. Finally, we find a significant positive association between the free cash flows and firm value but a significantly negative association between the firm value and leverage.",

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Do CEO gender and marital status affect firm’s R&D and Value? An empirical analysis using nonlinear models. / Shrestha, Keshab; Lee, Cheng few; Ghafoor, Abdul.
Encyclopedia of Finance. ed. / Cheng-Few Lee; Alice C. Lee. 3rd. ed. Cham Switzerland: Springer, 2022. p. 1685-1701.

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Research › peer-review

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Do CEO gender and marital status affect firm’s R&D and Value? An empirical analysis using nonlinear models

Abstract

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Research output

Do financial volatilities mitigate the risk of cryptocurrency indexes?

Cite this