Does AACSB Accreditation Matter? Evidence from Large Firm CEOs

Journal of Applied Business Research, Vol. 27, No. 3, pp. 93-106, 2011

12 Pages Posted: 16 Apr 2011 Last revised: 25 Nov 2011

See all articles by Terrance Jalbert

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

Kimberly Furumo

University of Hawaii at Hilo, CoBE; University of Hawaii at Hilo

Date Written: April 13, 2011

Abstract

Accreditation from the Association to Advance Collegiate Schools of Business (AACSB) is highly sought after by business schools both in the United States and internationally. Business schools devote considerable resources to earn and maintain the accreditation. Despite this effort and expense, surprisingly little literature has examined the extent to which AACSB accredited schools outperform non-accredited schools in market driven situations. This study is a first effort to fill this gap in the literature. The research here examines CEOs from large U.S. firms. Specifically, compensation earned by CEOs from AACSB accredited schools are compared to compensation earned by CEOs from non-accredited schools. We also examine the extent to which CEOs from accredited and non-accredited schools manage their firms differently and earn higher profits than other CEOs. Capital structure, dividend policy and firm valuation are compared for firms having CEOs with different educational backgrounds.

Keywords: AACSB, Accreditiation, CEO Performance, CEO compenation, capital structructure, dividend policy

JEL Classification: A20, I20, I21

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Furumo, Kimberly, Does AACSB Accreditation Matter? Evidence from Large Firm CEOs (April 13, 2011). Journal of Applied Business Research, Vol. 27, No. 3, pp. 93-106, 2011, Available at SSRN: https://ssrn.com/abstract=1809283

Terrance Jalbert (Contact Author)

University of Hawaii - Department of Business Administration ( email )

808-974-7456 (Phone)

Mercedes Jalbert

The Institute for Business and Finance Research ( email )

P.O. Box 5569
Hilo, HI 96720
United States

HOME PAGE: http://www.theIBFR.com

Kimberly Furumo

University of Hawaii at Hilo, CoBE ( email )


United States
8089747672 (Phone)

University of Hawaii at Hilo ( email )

200 W. Kāwili St.
Hilo, HI 96720-4091
United States

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