Table 6 Direct impact of CEO attributes...

Table 6

Direct impact of CEO attributes on firm performance (ROE and MTB)

			Estimate	S.E.	C.R.	P
ROE	<---	CEOAGE	−0.172	0.115	−1.501	0.133
MARKETBOOK	<---	CEOAGE	−0.008	0.007	−1.150	0.250
ROE	<---	CEOTENURE	0.094	0.139	0.673	0.501
MARKETBOOK	<---	CEOTENURE	0.002	0.009	0.232	0.817
ROE	<---	CEOEDU	1.843	1.121	1.644	0.100
MARKETBOOK	<---	CEOEDU	0.035	0.072	0.484	0.628
ROE	<---	CEOEXP	0.178	0.114	1.563	0.118
MARKETBOOK	<---	CEOEXP	0.009	0.007	1.244	0.213

			Estimate	S.E.	C.R.	P
ROE	<---	CEOAGE	−0.172	0.115	−1.501	0.133
MARKETBOOK	<---	CEOAGE	−0.008	0.007	−1.150	0.250
ROE	<---	CEOTENURE	0.094	0.139	0.673	0.501
MARKETBOOK	<---	CEOTENURE	0.002	0.009	0.232	0.817
ROE	<---	CEOEDU	1.843	1.121	1.644	0.100
MARKETBOOK	<---	CEOEDU	0.035	0.072	0.484	0.628
ROE	<---	CEOEXP	0.178	0.114	1.563	0.118
MARKETBOOK	<---	CEOEXP	0.009	0.007	1.244	0.213

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

CFI = 0.897; PCFI = 0.043 and RMSEA = 0.231

Source(s): Authors’ own creation

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