Below is the abstract of an article published in the British Journal of Management, Volume 28, Issue 3, July 2017, pages 481 – 501. Critically reflect on the abstract and answer the questions that follow:
Do Chief Executives’ Traits Affect the Financial Performance of Risk-trading Firms? Evidence from the UK Insurance Industry
Mike Adams and Wei Jiang
We examine the effects of four key dimensions of Chief Executive Officers’ (CEOs’) traits on six financialperformance 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.
QUESTIONS I NEED A DIRECTION WITH BELOW :
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