International Journal of Business, Economics and Management

Published by: Conscientia Beam
Online ISSN: 2312-0916
Print ISSN: 2312-5772
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No. 6

CEO Characteristics and Firm Performance: Evidence from Tourism and Financial Firms Listed on Botswana Stock Exchange

Pages: 419-430
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CEO Characteristics and Firm Performance: Evidence from Tourism and Financial Firms Listed on Botswana Stock Exchange

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DOI: 10.18488/journal.62.2021.86.419.430

Christian J Mbekomize , Delly M Chatibura , Pritika S Baliyan

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Christian J Mbekomize , Delly M Chatibura , Pritika S Baliyan (2021). CEO Characteristics and Firm Performance: Evidence from Tourism and Financial Firms Listed on Botswana Stock Exchange. International Journal of Business, Economics and Management, 8(6): 419-430. DOI: 10.18488/journal.62.2021.86.419.430
The paper examined the effect of Chief Executive Officers’ characteristics on the performance of listed tourism and financial firms in Botswana, for the period of 2009 to 2019. The Chief Executive Officers’ gender, tenure, nationality, share ownership, and board directorship were the independent variables while Return on Assets and Return on Equity being proxies of profitability, formed the dependent variables. Firm’s size and leverage were the control variables. Quantitative research design was employed and panel data from annual reports was analysed using correlation and regression techniques. Tenure and share ownership had a significant positive association with Return on Assets while gender, nationality and directorship had a significant negative correlation. No single independent variable had a significant association with Return on Equity. Regression results revealed that nationality had a significant negative effect on Return on Assets while share ownership had significant positive impact. The results of regression also indicate that tenure had a significantly positive influence on Return on Equity. Gender and board directorship of Chief Executive Officers did not appear to have a role in influencing the performance of firms. These results have implications on where firms’ Chief Executive Officers should be sourced, how they should be remunerated and how long they should be kept on the position.
Contribution/ Originality
This is the only study that has investigated the effect of CEOs’ characteristics on firm performance in the financial and tourism sectors in Botswana. The two sectors have been identified as instrumental in driving economic diversification in the country that makes the contribution of this study to literature notable.

Competency-Based Reward System in Project-Based Organization: Empirical Study from Tunisia

Pages: 409-418
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Competency-Based Reward System in Project-Based Organization: Empirical Study from Tunisia

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DOI: 10.18488/journal.62.2021.86.409.418

Mohamed Ali Hedhili , Sami Boudabbous

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Mohamed Ali Hedhili , Sami Boudabbous (2021). Competency-Based Reward System in Project-Based Organization: Empirical Study from Tunisia. International Journal of Business, Economics and Management, 8(6): 409-418. DOI: 10.18488/journal.62.2021.86.409.418
The traditional reward system (RS) based on the job description and salary scales is often unable to cope with changes in the business environment: market globalization, technological development, and organizational changes. In this context, the project-based organization (PBO) must adopt new RSs that encourage employees to have responsibility and autonomy in their jobs and define their professional lifestyle. The present work aimed to identify the challenges of a competency-based reward system (CBRS) in PBO. To this end, we carried out a qualitative study based on 31 semi-structured interviews with Tunisian project managers. The results showed that RS must fund the development of the project actor, emphasizing their current and potential competencies rather than rewarding past performance. In addition, RS may be a substantial risk in PBO when there is a significant gap between employees’ salaries. Improper distribution of rewards can negatively affect the motivation of project team members and encourage unproductive functioning within the organization.
Contribution/ Originality
This study contributes to existing literature by identifying the challenges of a competency-based reward system (CBRS) in PBO.