Title

Influence of gender of newly appointed CEO on capital market risk and stock returns of selected countries

Date of Publication

2017

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Adviser

Frederick P., Romero

Defense Panel Member

Dexter Ginete

Catherine Kalayaan Almonte

Abstract/Summary

Although there is a scarce number of females assuming top management positions, the position of chief executive officer (CEO) is not exclusive to one gender. However, gender stereotypes can affect the perception and decision-making of market investors. Using a matched sample of newly appointed male and female CEOs in Malaysia, Indonesia and the Philippines from 2005-2015, the study aimed to determine the influence of a CEO gender on stock returns and capital market risks of publicly-listed firms. The results showed that the markets of Malaysia, Indonesia and the Philippines produced significant stock returns upon the appointment of a new male CEO. Inversely, insignificant stock returns were identified with the appointment of a new female CEO. The shifts/changes in capital market risks, namely total risk, market risk and idiosyncratic risk, were distinct among the three countries. The assumption that women tend to be more risk-averse compared to men is not ascertained.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU19974

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

vii, 98, 4 leaves ; 28 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Stocks--Rate of return--Sex differences; Risk--Sex differences; Gender mainstreaming--Southeast Asia; Women chief executive officers--Southeast Asia

This document is currently not available here.

Share

COinS