TABLE 1.
Authors | Dependent/independent (Variables) | Country | Relationships | Method |
Tang (2017) | Total shareholder return and CEO duality | Canada | Negative relationship | GEE |
Duru et al. (2016) | Performance variables (ROA, ROE, ROS) and CEO duality | United States | Negative relationship | System GMM |
(Akram et al., 2020) | CSR and firm growth | Pakistan | Positive relationship | 2SLS and GMM |
(Naseem et al., 2020) | Tobin’s Q and ROA | Pakistan | Negative | Fixed effects Model |
(Yang and Zhao, 2014) | Tobin’s Q, ROA, and ROE with CEO duality | United States | Positive relationship | Baseline model |
(Pham et al., 2015) | Performance variables (ROA, ROE, and Tobin’s Q) with CEO duality | Vietnam | Positive relationship | Two-stage least squares |
(Guillet et al., 2013) | Performance variables (ROA and Tobin’s Q) with CEO duality | United States | Positive relationship | Two-way random-effects |
(Iyengar and Zampelli, 2009) | Performance variables (ROA, MARKET, and Tobin’s Q) with CEO duality | United States | No significant relationship | Two-step treatment effects |
Cornett et al. (2008) | ROA and CEO duality | United States | Negative and positive relations | Panel data regression analysis |
(Elsayed, 2007) | Performance variables (ROA and Tobin’s Q) with CEO duality | Egypt | No significant relationship | LAV regression |
(Al Farooque et al., 2007) | The market value of a firm with CEO duality | Bangladesh | No relationship | OLS and 2OLS |
Table 1 summarizes useful studies related to this proposed framework.