Relationship between CEO-specific ROA and CEO-specific temporal focus
| (1) | (2) | (3) | (7) | |
|---|---|---|---|---|
| Variables | ROA_ percentile | ROA_ percentile | ROA_ percentile | ROA_ percentile |
| Future percentile | −0.072+ (0.044) | |||
| Present percentile | −0.051 (0.044) | |||
| Past percentile | −0.060 (0.044) | |||
| Temporal balance | 0.007+ (0.004) | |||
| Constant | 53.717*** (2.531) | 52.649*** (2.534) | 53.081*** (2.533) | 49.905*** (1.268) |
| Obs | 521 | 521 | 521 | 521 |
| (1) | (2) | (3) | (7) | |
|---|---|---|---|---|
| Variables | ROA_ percentile | ROA_ percentile | ROA_ percentile | ROA_ percentile |
| Future percentile | −0.072+ (0.044) | |||
| Present percentile | −0.051 (0.044) | |||
| Past percentile | −0.060 (0.044) | |||
| Temporal balance | 0.007+ (0.004) | |||
| Constant | 53.717 | 52.649 | 53.081 | 49.905 |
| Obs | 521 | 521 | 521 | 521 |
Note(s): Standard errors are reported in parentheses. *** and +Statistical significance at the 0.001 and 0.1 levels, respectively. The observation number 521 comes from CEO number 988 minus firm number 467, because for each firm, one of their CEOs as base group cannot output CEO fixed-effect coefficient. Temporal balance is measured as the reciprocal of the standard deviation of the coefficients of the Three temporal dimensions (Mohammed & Nadkarni, 2011)
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