Do CEO characteristics matter in product recalls?
| dc.contributor.author | Martins, A.M. | |
| dc.contributor.author | Pires, C.P. | |
| dc.date.accessioned | 2024-08-27T14:14:53Z | |
| dc.date.available | 2024-08-27T14:14:53Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | This study examines the effect of CEO characteristics such as gen-der, age, tenure, functional background, stock ownership, com-pensation scheme and dual role on the stock market returns of automobile companies, around the announcement of product recalls. Using an event study, for a sample of 2,576 product recalls in the US automobile industry, between January 2010 and June 2021, we observe that the stock market’s reaction to a product recall announcement is negative. However, the impacts on the cumulative abnormal returns around the announcement of prod-uct recalls of the company’s CEO being female, the CEO tenure, the CEO having an operations or marketing background, the ratio of CEO long-term compensation to total compensation and the CEO and Chairperson being the same person are all positive and statistically significant, showing that these CEO characteristics mitigate the negative effects on a company’s financial value caused by product recalls. | por |
| dc.identifier.authoremail | antonio.martins@staff.uma.pt | |
| dc.identifier.authoremail | cpires@uevora.pt | |
| dc.identifier.doi | https://doi.org/10.1080/13571516.2023.2213127 | por |
| dc.identifier.scientificarea | 256 | por |
| dc.identifier.sharewith | Departamento de Gestão | por |
| dc.identifier.uri | http://hdl.handle.net/10174/37225 | |
| dc.language.iso | eng | por |
| dc.peerreviewed | yes | por |
| dc.publisher | Routledge, Taylor & Francis Group | por |
| dc.rights | openAccess | por |
| dc.subject | Product Recall | por |
| dc.subject | Stock market reaction | por |
| dc.subject | Event study | por |
| dc.subject | CEO characteristics | por |
| dc.subject | Automobile industry | por |
| dc.title | Do CEO characteristics matter in product recalls? | por |
| dc.type | article | por |
| degois.publication.firstPage | 207 | por |
| degois.publication.lastPage | 232 | por |
| degois.publication.title | International Journal of the Economics of Business | por |
| degois.publication.volume | 30(3) | por |