One of the most strongly debated issues in the corporate finance is the CEO duality. Many researchers in their reports try to explain what kind of leadership is better, the dual or the non-dual. This study sheds light on the extent to which the corporate leadership structure affects corporate performance, especially for firms in the shipping industry. The research which is carried out, uses four main variables of firm performance in the shipping sector; return on equity, return on assets, return on invested capital and earnings before interest, taxes, depreciation and amortization are generally thought to be reliable ratios of performance. The empirical results do not show a significant relationship between CEO duality and firm performance in the shipping sector
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