Variable definitions
| Variable | Measurement | Source |
|---|---|---|
| Risk taking | ||
| SRV | Annualised Standard deviation of Monthly Stock Returns | EIKON |
| ROAV | Standard deviation of ROA over 3 years | EIKON |
| Engineering CEO | ||
| EngCEO | Dummy that is equal to 1 if a firm is managed by an engineer CEO each year and 0 otherwise | Hand-collected |
| Firm characteristics | ||
| ROA | Net Income/Total Assets | Morningstar |
| FirmSize | Natural logarithm of total assets | Morningstar |
| Leverage | Long + Short Term Debt/(Total Capital + Short Term Debt)*100 | Morningstar |
| CAPEX | Capital expenditure/operating revenue | Morningstar |
| SalesGrowth | The number of years listed in ASX | Morningstar |
| Panel C: corporate governance and monitoring variables | ||
| BEng | Percentage of engineer directors on boards | Hand-collected |
| BSize | The total number of board members at the end of the fiscal year | EIKON |
| BInd | Percentage of non-executive board members | EIKON |
| Panel D: CEO characteristics variables | ||
| CEOGender | Binary variable, equal to 1 if the CEO is Male and 0 if the CEO is Female | Connect4 |
| CEODuality | Binary variable, equal to 1 if the CEO is also the Chair and 0 otherwise | EIKON |
| Variable | Measurement | Source |
|---|---|---|
| Annualised Standard deviation of Monthly Stock Returns | EIKON | |
| Standard deviation of ROA over 3 years | EIKON | |
| Dummy that is equal to 1 if a firm is managed by an engineer CEO each year and 0 otherwise | Hand-collected | |
| Net Income/Total Assets | Morningstar | |
| Natural logarithm of total assets | Morningstar | |
| Long + Short Term Debt/(Total Capital + Short Term Debt)*100 | Morningstar | |
| Capital expenditure/operating revenue | Morningstar | |
| The number of years listed in ASX | Morningstar | |
| Percentage of engineer directors on boards | Hand-collected | |
| The total number of board members at the end of the fiscal year | EIKON | |
| Percentage of non-executive board members | EIKON | |
| Binary variable, equal to 1 if the CEO is Male and 0 if the CEO is Female | Connect4 | |
| Binary variable, equal to 1 if the CEO is also the Chair and 0 otherwise | EIKON | |
Source(s): Authors’ own work
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