The Impact of an Innovative CEO on the Financial Performance of an Organization

Abstract

The evident volatile position of Pakistan Stock Exchange shows need for reforms in order to depict better performance in future. However, the external factors are not always sufficient for a better change, the internal performance of organization is also crucially important. This study aims at studying the internal performance of top management i.e., a CEO in an organization by introducing the factor of innovation with the proxy of patent applications. Considering the panel data, the sample consists of companies of varied sectors listed in Pakistan Stock Exchange for three years (2015-2017) time period. The structuring of models and framework for the study in done on the basis of literature available. The data for the study being quantitative in nature is collected from financial statements and different websites. Furthermore, the data is analyzed using multiple statistical tools such as correlation and regression. The limited availability and accessibility to data in Pakistan showed insignificant results nevertheless there is a large scope for future research in this topic.