dc.description.abstract |
This study aims to analyze how CEO power, defined by the four dimensions of
power (structural, ownership, expert, and prestige), predicts the outcome of
financial performance in corporations listed on IDX 2022. This study finds no
positive relationship between every CEO power dimension and firm performance
by utilizing multiple linear regression analyses. The absence of positive correlations
indicates contradictions with agency theory and support for several previous
empirical findings. These results highlight the need for a deeper understanding of
CEO behavior regarding their power level and provide information to further
evaluate CEO incentives and hiring policies. |
en_US |