Bassiouny, Sara Wahid Raafat. (2023). The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital. مجلة جامعة الإسکندرية للعلوم الإدارية, 60(5), 181-210. doi: 10.21608/acj.2023.328410
Sara Wahid Raafat Bassiouny. "The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital". مجلة جامعة الإسکندرية للعلوم الإدارية, 60, 5, 2023, 181-210. doi: 10.21608/acj.2023.328410
Bassiouny, Sara Wahid Raafat. (2023). 'The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital', مجلة جامعة الإسکندرية للعلوم الإدارية, 60(5), pp. 181-210. doi: 10.21608/acj.2023.328410
Bassiouny, Sara Wahid Raafat. The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital. مجلة جامعة الإسکندرية للعلوم الإدارية, 2023; 60(5): 181-210. doi: 10.21608/acj.2023.328410
The Impact of CFO Behavioral Characteristics and Personality Traits On The Cost Of Capital
Lecturer at the finance and accounting department College of Management and Technology Arab Academy for Science, Technology, and Maritime Transport Alexandria – Egypt
المستخلص
This paper aims to identify the CFO characteristics and explore the influence of such characteristics on the cost of capital. To reach the research objectives, a questionnaire is distributed to the CFOs of the non-financial firms listed on the Egyptian stock exchange. Moreover, secondary data is gathered to get any needed data for the financial decision. The results of the regression report that three factors significantly impact the cost of capital which are CFO gender, optimism, and extraversion trait. The findings reveal the importance of including other determinants in the corporate models than the traditional determinants and this supports the behavioral finance theory. This paper contributes to the literature by exploring CFO characteristics that are not fully studied in a corporate finance context, especially in a developing market.
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