{"id":2874,"date":"2024-06-12T06:42:12","date_gmt":"2024-06-12T13:42:12","guid":{"rendered":"https:\/\/business.laverne.edu\/news\/?p=2874"},"modified":"2024-06-07T15:37:24","modified_gmt":"2024-06-07T22:37:24","slug":"foreign-ceos-outperform","status":"publish","type":"post","link":"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/","title":{"rendered":"S&P 500 Companies with Foreign-Born CEOs Perform Better"},"content":{"rendered":"

A study conducted by Dr. Anwar Y. Salimi and Ehsan Danesh from the University of La Verne explored the financial performance of companies led by foreign-born CEOs compared to those with U.S.-born CEOs. The researchers focused on 101 companies within the S&P 500 and analyzed data over six years, from 2018 to 2023. Using key performance indicators such as Return on Assets (ROA), Gross Margin Ratio (GMR), and Year-to-Year Net Income Growth, the study found that companies with foreign-born CEOs consistently outperformed those with domestic CEOs.<\/p>\n

The research highlights the advantages of diverse leadership, attributing better financial performance to the unique perspectives and innovative approaches brought by foreign-born executives. The findings show that foreign CEOs excelled in managing assets, controlling costs, and driving profitability, even during challenging times like the COVID-19 pandemic. This study underscores the importance of embracing diversity in top leadership roles to enhance organizational success and competitiveness in a globalized business environment.<\/p>\n

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\n\t\t\t\tAnwar Salimi is a professor of accounting in the College of Business. He received his Ph.D. degree in accounting from UCLA. <\/span>\n\t\t\t<\/figcaption>\n<\/figure>\n
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\n\t\t\t\tEhsan Danesh is a doctoral student in the Doctor of Business Administration program.<\/span>\n\t\t\t<\/figcaption>\n<\/figure>\n\t\t\t<\/span><\/a>\n\t\t\t<\/span><\/a>\n\t\t\t<\/span><\/a>\n\t\t<\/div>\n\t<\/div>\n\t
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Anwar Salimi is a professor of accounting in the College of Business. He received his Ph.D. degree in accounting from UCLA.\u00a0 Ehsan Danesh is a doctoral student in the Doctor of Business Administration program.<\/p>\n

“Exploring Financial Performance Disparities: An In-Depth Analysis of Companies Led by Foreign-Born CEOs Versus Non-Foreign-Born CEOs Within the S&P 500” appears in the Journal of Accounting and Finance<\/em> Vol. 24 No. 2 (2024)\u00a0\u00a0DOI \u00a0https:\/\/doi.org\/10.33423\/jaf.v24i2.6983<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A study conducted by Dr. Anwar Y. Salimi and Ehsan Danesh from the University of La Verne explored the financial performance of companies led by foreign-born CEOs compared to those with […]<\/p>\n","protected":false},"author":33,"featured_media":2875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[287,281,293,286],"tags":[377,383,385,378,381,384,382,380,379],"class_list":["post-2874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-achievements","category-faculty-staff","category-publications","category-students","tag-anwar-salimi","tag-company-performance","tag-dba","tag-ehsan-danesh","tag-gmr","tag-journal-of-accounting-and-finance","tag-net-income-growth","tag-roa","tag-sp-500"],"acf":[],"yoast_head":"\nS&P 500 Companies with Foreign-Born CEOs Perform Better | University of La Verne<\/title>\n<meta name=\"description\" content=\"Study finds foreign CEOs outperformed their domestic counterparts across all three studied KPI performance measures from 2018 to 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P 500 Companies with Foreign-Born CEOs Perform Better\" \/>\n<meta property=\"og:description\" content=\"Study finds foreign CEOs outperformed their domestic counterparts across all three studied KPI performance measures from 2018 to 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/\" \/>\n<meta property=\"og:site_name\" content=\"College of Business News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T13:42:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-07T22:37:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/business.laverne.edu\/news\/wp-content\/uploads\/sites\/21\/2024\/06\/post-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1100\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"edepillis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"edepillis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/\",\"url\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/\",\"name\":\"S&P 500 Companies with Foreign-Born CEOs Perform Better | University of La Verne\",\"isPartOf\":{\"@id\":\"https:\/\/business.laverne.edu\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/business.laverne.edu\/news\/wp-content\/uploads\/sites\/21\/2024\/06\/post-image.jpg\",\"datePublished\":\"2024-06-12T13:42:12+00:00\",\"dateModified\":\"2024-06-07T22:37:24+00:00\",\"author\":{\"@id\":\"https:\/\/business.laverne.edu\/news\/#\/schema\/person\/81f4b3234f105497f2a287a19a07d6f8\"},\"description\":\"Study finds foreign CEOs outperformed their domestic counterparts across all three studied KPI performance measures from 2018 to 2023.\",\"breadcrumb\":{\"@id\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/business.laverne.edu\/news\/2024\/06\/12\/foreign-ceos-outperform\/#primaryimage\",\"url\":\"https:\/\/business.laverne.edu\/news\/wp-content\/uploads\/sites\/21\/2024\/06\/post-image.jpg\",\"contentUrl\":\"https:\/\/business.laverne.edu\/news\/wp-content\/uploads\/sites\/21\/2024\/06\/post-image.jpg\",\"width\":1920,\"height\":1100,\"caption\":\"Confident business team. 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