Table 4 Direct impact of CEO attributes...

Table 4

Direct impact of CEO attributes on firm performance (ROA and TOBINQ)

			Estimate	S.E.	C.R.	P
ROA	<---	CEOAGE	−0.014	0.012	−1.184	0.236
ROA	<---	CEOTENURE	−0.003	0.015	−0.208	0.835
ROA	<---	CEOEDU	0.516	0.117	4.395	***
ROA	<---	CEOEXP	0.033	0.012	2.781	**
TOBINQ	<---	CEOAGE	−0.003	0.003	−0.980	0.327
TOBINQ	<---	CEOTENURE	0.002	0.004	0.611	0.541
TOBINQ	<---	CEOEDU	−0.112	0.030	−3.769	***
TOBINQ	<---	CEOEXP	0.000	0.003	−0.104	0.917

			Estimate	S.E.	C.R.	P
ROA	<---	CEOAGE	−0.014	0.012	−1.184	0.236
ROA	<---	CEOTENURE	−0.003	0.015	−0.208	0.835
ROA	<---	CEOEDU	0.516	0.117	4.395	***
ROA	<---	CEOEXP	0.033	0.012	2.781	**
TOBINQ	<---	CEOAGE	−0.003	0.003	−0.980	0.327
TOBINQ	<---	CEOTENURE	0.002	0.004	0.611	0.541
TOBINQ	<---	CEOEDU	−0.112	0.030	−3.769	***
TOBINQ	<---	CEOEXP	0.000	0.003	−0.104	0.917

Note(s): ***Significant at the 0.001% level, and **Significant at the 1% level

CFI = 0.979; PCFI = 0.047 and RMSEA = 0.068

Source(s): Authors’ own creation

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