CHIEF EXECUTIVE OFFICER (CEO) ATTRIBUTES AND SHARE PRICE PERFORMANCE

Abstract

The study ascertained chief executive officer (CEO) attributes and share price performance of listed firms in Nigeria. The objective of the study was to investigate whether CEO ownership has significant effect on share price performance. The secondary source of data collection was adopted in the study where the purposive sampling technique was used to select a sample size of ten (10) selected firms for the study. Least Square regression analysis was used in this study and the findings revealed that CEO ownership have no significant effect on share price performance of listed firms in Nigeria. It was concluded that CEO as one of the critical players in the corporate sector and sitting in the top position of the management teams, are able to guide the firms to actively pursue opportunities and control the structures and strategies of the firms. Finally, it was recommended that the concentration of share ownership to the chief executive officer should be encouraged so as to maintain its positive impact on the performance of the listed firms in Nigeria.