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CEO Age and Corporate Investment Decisions in Bangladesh

Authors: Md. Imran Hossain; Fateha Momotaz Moni;

CEO Age and Corporate Investment Decisions in Bangladesh

Abstract

In this study, the first of its kind in Bangladesh, we investigate whether CEO age influences the investment decisions of Bangladeshi firms. Using a manually collected panel dataset of 119 non-financial companies listed in Dhaka Stock Exchange during 2009-2021, we employ Feasible Generalized Least Square (FGLS) regression model and find that there is a significant positive association between CEO age and corporate investment. Furthermore, we find that older CEOs invest more than younger CEOs. Finally, we find that the positive effect of CEO age on corporate investment is more pronounced for the firms with higher managerial ownership, leverage and firm age. These findings have important policy implications for various stakeholders (e.g., shareholders, board of directors and regulators) of firms in Bangladesh.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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