Beauty is wealth: CEO attractiveness and firm value. Issue 4 (1st June 2020)
- Record Type:
- Journal Article
- Title:
- Beauty is wealth: CEO attractiveness and firm value. Issue 4 (1st June 2020)
- Main Title:
- Beauty is wealth: CEO attractiveness and firm value
- Authors:
- Halford, Joseph T.
Hsu, Hung‐Chia S. - Abstract:
- Abstract: This paper examines whether and how CEO attractiveness relates to firm value. We construct a Facial Attractiveness Index of 667 CEOs based on their facial geometry. More attractive CEOs are associated with better stock returns surrounding their job announcements and around earnings‐announcement news with CEOs' images. Further, more attractive CEOs are related to higher acquirer returns following acquisition announcements and higher Tobin's Q . Finally, consistent with the existing literature documenting the beauty premium in pay, more attractive CEOs receive higher compensation.
- Is Part Of:
- Financial review. Volume 55:Issue 4(2020)
- Journal:
- Financial review
- Issue:
- Volume 55:Issue 4(2020)
- Issue Display:
- Volume 55, Issue 4 (2020)
- Year:
- 2020
- Volume:
- 55
- Issue:
- 4
- Issue Sort Value:
- 2020-0055-0004-0000
- Page Start:
- 529
- Page End:
- 556
- Publication Date:
- 2020-06-01
- Subjects:
- beauty premium -- CEO attractiveness -- facial geometry -- firm value
Finance -- United States -- Periodicals
Finance -- Periodicals
332 - Journal URLs:
- http://www.blackwellpublishing.com/journal.asp?ref=0732-8516 ↗
http://onlinelibrary.wiley.com/ ↗ - DOI:
- 10.1111/fire.12234 ↗
- Languages:
- English
- ISSNs:
- 0732-8516
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 3926.979800
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14403.xml