The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange
The current study investigates the relationship between the CEO’s power, the workforce’s productivity, and the company’s value in Iraqi stock exchange companies. A sample of 34 companies listed on the Iraqi Stock Exchange from 2016 to 2021 was tested using a multiple regression model, a panel data a...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-11-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/12/11/175 |
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| author | Aqeel kadhim Hamad Hamad Mahdi Salehi Jasim Idan Barrak Anmar Adnan Khudhair Hussen Amran Naji Al-Refiay |
| author_facet | Aqeel kadhim Hamad Hamad Mahdi Salehi Jasim Idan Barrak Anmar Adnan Khudhair Hussen Amran Naji Al-Refiay |
| author_sort | Aqeel kadhim Hamad Hamad |
| collection | DOAJ |
| description | The current study investigates the relationship between the CEO’s power, the workforce’s productivity, and the company’s value in Iraqi stock exchange companies. A sample of 34 companies listed on the Iraqi Stock Exchange from 2016 to 2021 was tested using a multiple regression model, a panel data approach, and a fixed effects model. CEO power is measured by the busing factor analysis approach, which integrates four indices: CEO salary, CEO ownership, CEO tenure, and CEO control over board members. The findings indicate a positive and significant relationship between CEO power and labor productivity. Also, there is a negative and significant relationship between CEO power and the stickiness of labor costs. On the other hand, we found a positive and significant relationship between the CEO power and firm value. In addition, labor cost stickiness has a positive effect on firm value. By highlighting the CEOs’ power, this research tries to increase companies’ attention to this issue and its effect on improving employment productivity, cost management, and firm value. |
| format | Article |
| id | doaj-art-c843d89991944f07b9ebb8355f7e7ae2 |
| institution | Kabale University |
| issn | 2227-9091 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Risks |
| spelling | doaj-art-c843d89991944f07b9ebb8355f7e7ae22024-11-26T18:20:36ZengMDPI AGRisks2227-90912024-11-01121117510.3390/risks12110175The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock ExchangeAqeel kadhim Hamad Hamad0Mahdi Salehi1Jasim Idan Barrak2Anmar Adnan Khudhair3Hussen Amran Naji Al-Refiay4Department of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 9177948974, IranDepartment of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 9177948974, IranDepartment of Accounting, Administrations & Economics, University of Kerbala, Kerbala 964335027, IraqDepartment of Accounting, Administrations & Economics, University of Kerbala, Kerbala 964335027, IraqDepartment of Accounting, Administrations & Economics, University of Kerbala, Kerbala 964335027, IraqThe current study investigates the relationship between the CEO’s power, the workforce’s productivity, and the company’s value in Iraqi stock exchange companies. A sample of 34 companies listed on the Iraqi Stock Exchange from 2016 to 2021 was tested using a multiple regression model, a panel data approach, and a fixed effects model. CEO power is measured by the busing factor analysis approach, which integrates four indices: CEO salary, CEO ownership, CEO tenure, and CEO control over board members. The findings indicate a positive and significant relationship between CEO power and labor productivity. Also, there is a negative and significant relationship between CEO power and the stickiness of labor costs. On the other hand, we found a positive and significant relationship between the CEO power and firm value. In addition, labor cost stickiness has a positive effect on firm value. By highlighting the CEOs’ power, this research tries to increase companies’ attention to this issue and its effect on improving employment productivity, cost management, and firm value.https://www.mdpi.com/2227-9091/12/11/175CEO powerworkforce efficiencycompany value |
| spellingShingle | Aqeel kadhim Hamad Hamad Mahdi Salehi Jasim Idan Barrak Anmar Adnan Khudhair Hussen Amran Naji Al-Refiay The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange Risks CEO power workforce efficiency company value |
| title | The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange |
| title_full | The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange |
| title_fullStr | The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange |
| title_full_unstemmed | The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange |
| title_short | The Relationship Between CEO Power, Labor Productivity, and Company Value in the Iraqi Stock Exchange |
| title_sort | relationship between ceo power labor productivity and company value in the iraqi stock exchange |
| topic | CEO power workforce efficiency company value |
| url | https://www.mdpi.com/2227-9091/12/11/175 |
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