CEO social power, board inclusiveness, and corporate performance after ethnic conflicts

Kamil K. Nazliben; Luc Renneboog; Emil Uduwalage

doi:10.1016/j.ememar.2023.101056

CEO social power, board inclusiveness, and corporate performance after ethnic conflicts

Kamil K. Nazliben, Luc Renneboog^*, Emil Uduwalage

^*Corresponding author for this work

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

We investigate the impact of CEO power on corporate performance in Sri Lanka, characterized by demarcated ethno-linguistic and religious boundaries and devastating ethnic conflicts with subsequent reconciliation. We focus on a CEO's social-dominance power, based on ethnicity, gender, and political connections. Social-dominance power (lack of ethno-religious-linguistic and gender diversity) augments agency conflicts and worsens corporate performance and financial stability in the post-civil-war era. Board inclusiveness (representing different ethnicities, religions, languages, and gender) at the top decision and monitoring levels of corporations positively affects performance.

Original language	English
Article number	101056
Journal	Emerging Markets Review
Volume	56
DOIs	https://doi.org/10.1016/j.ememar.2023.101056
Publication status	Published - Sept 2023

Keywords

Agency costs
Board diversity
CEO power
Civil war
Ethnic conflict
Ethnicity
Gender
Inclusiveness
Political connections

Access to Document

10.1016/j.ememar.2023.101056

Cite this

@article{0d5d5a42c21c41e380a633ee21d6f5fc,

title = "CEO social power, board inclusiveness, and corporate performance after ethnic conflicts",

abstract = "We investigate the impact of CEO power on corporate performance in Sri Lanka, characterized by demarcated ethno-linguistic and religious boundaries and devastating ethnic conflicts with subsequent reconciliation. We focus on a CEO's social-dominance power, based on ethnicity, gender, and political connections. Social-dominance power (lack of ethno-religious-linguistic and gender diversity) augments agency conflicts and worsens corporate performance and financial stability in the post-civil-war era. Board inclusiveness (representing different ethnicities, religions, languages, and gender) at the top decision and monitoring levels of corporations positively affects performance.",

keywords = "Agency costs, Board diversity, CEO power, Civil war, Ethnic conflict, Ethnicity, Gender, Inclusiveness, Political connections",

author = "Nazliben, {Kamil K.} and Luc Renneboog and Emil Uduwalage",

note = "Publisher Copyright: {\textcopyright} 2023 The Authors",

year = "2023",

month = sep,

doi = "10.1016/j.ememar.2023.101056",

language = "English",

volume = "56",

journal = "Emerging Markets Review",

issn = "1566-0141",

publisher = "Elsevier",

}

TY - JOUR

T1 - CEO social power, board inclusiveness, and corporate performance after ethnic conflicts

AU - Nazliben, Kamil K.

AU - Renneboog, Luc

AU - Uduwalage, Emil

PY - 2023/9

Y1 - 2023/9

N2 - We investigate the impact of CEO power on corporate performance in Sri Lanka, characterized by demarcated ethno-linguistic and religious boundaries and devastating ethnic conflicts with subsequent reconciliation. We focus on a CEO's social-dominance power, based on ethnicity, gender, and political connections. Social-dominance power (lack of ethno-religious-linguistic and gender diversity) augments agency conflicts and worsens corporate performance and financial stability in the post-civil-war era. Board inclusiveness (representing different ethnicities, religions, languages, and gender) at the top decision and monitoring levels of corporations positively affects performance.

AB - We investigate the impact of CEO power on corporate performance in Sri Lanka, characterized by demarcated ethno-linguistic and religious boundaries and devastating ethnic conflicts with subsequent reconciliation. We focus on a CEO's social-dominance power, based on ethnicity, gender, and political connections. Social-dominance power (lack of ethno-religious-linguistic and gender diversity) augments agency conflicts and worsens corporate performance and financial stability in the post-civil-war era. Board inclusiveness (representing different ethnicities, religions, languages, and gender) at the top decision and monitoring levels of corporations positively affects performance.

KW - Agency costs

KW - Board diversity

KW - CEO power

KW - Civil war

KW - Ethnic conflict

KW - Ethnicity

KW - Gender

KW - Inclusiveness

KW - Political connections

UR - http://www.scopus.com/inward/record.url?scp=85167786346&partnerID=8YFLogxK

U2 - 10.1016/j.ememar.2023.101056

DO - 10.1016/j.ememar.2023.101056

M3 - Article

AN - SCOPUS:85167786346

SN - 1566-0141

VL - 56

JO - Emerging Markets Review

JF - Emerging Markets Review

M1 - 101056

ER -

CEO social power, board inclusiveness, and corporate performance after ethnic conflicts

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this