Dragon CEOs and Firm Value
Chen, Tao
ABS Journal Level1
AbstractThis article investigates a traditional belief of the Chinese zodiac that individuals born in the dragon year are superior and perform better. Using a sample of listed firms in China, supporting evidence is found for this pervasive superstition that CEOs born in dragon years are positively associated with firm value as measured by Tobin's Q and return on assets. This positive relationship becomes even stronger when the exact birth date of CEOs is known. Finally, the Dragon Survivors Hypothesis and the CEO Self-fulfillment Hypothesis are examined to explain why dragon CEOs matter to firm value.
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Indexed BySSCI
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000443223000005
The Source to ArticleWOS
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Cited Times [WOS]:1   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionUniversity of Macau
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GB/T 7714
Chen, Tao. Dragon CEOs and Firm Value[J]. AUSTRALIAN ECONOMIC REVIEW,2018,51(3):382-395.
APA Chen, Tao.(2018).Dragon CEOs and Firm Value.AUSTRALIAN ECONOMIC REVIEW,51(3),382-395.
MLA Chen, Tao."Dragon CEOs and Firm Value".AUSTRALIAN ECONOMIC REVIEW 51.3(2018):382-395.
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