Do Chief Executives' traits affect the financial performance of risk trading firms? Evidence from the UK insurance industry

Michael Adams, Wei Jiang

Research output: Contribution to journalArticle

Abstract

We examine the effects of four key dimensions of Chief Executive Officers' (CEOs') traits on six financial performance metrics using panel data for 1999-2012 drawn from the UK's property-casualty insurance industry. We find that CEO insurance experience and CEO financial expertise enhance financial performance, while two other CEO traits - power and age - are generally not significant. Our results thus reinforce the importance of CEO insurance industry expertise and CEO financial expertise in the management and trading of risks. Our results have potential commercial and policy implications.

LanguageEnglish
Pages481-501
Number of pages21
JournalBritish Journal of Management
Volume28
Issue number3
Early online date28 Mar 2017
DOIs
StatusPublished - 1 Jul 2017

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Insurance
Industry
Insurance industry
Chief executive officer
Chief executives
Financial performance

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation

Cite this

Do Chief Executives' traits affect the financial performance of risk trading firms? Evidence from the UK insurance industry. / Adams, Michael; Jiang, Wei.

In: British Journal of Management, Vol. 28, No. 3, 01.07.2017, p. 481-501.

Research output: Contribution to journalArticle

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