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

Michael Adams; Wei Jiang

doi:10.1111/1467-8551.12222

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

Michael Adams, Wei Jiang

University of Manchester

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

30 Citations (SciVal)

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.

Original language	English
Pages (from-to)	481-501
Number of pages	21
Journal	British Journal of Management
Volume	28
Issue number	3
Early online date	28 Mar 2017
DOIs	https://doi.org/10.1111/1467-8551.12222
Publication status	Published - 11 Jul 2017

ASJC Scopus subject areas

General Business,Management and Accounting
Strategy and Management
Management of Technology and Innovation

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10.1111/1467-8551.12222

Cite this

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

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Michael Adams

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

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Michael Adams

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