From Board to Balance Sheet: CEO Characteristics Driving Working Capital Success–Evidence from Manufacturing Companies Listed in NSE India

From Board to Balance Sheet: CEO Characteristics Driving Working Capital Success–Evidence from Manufacturing Companies Listed in NSE India | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article From Board to Balance Sheet: CEO Characteristics Driving Working Capital Success–Evidence from Manufacturing Companies Listed in NSE India Pravata Kumar Jena, Dr. Ajit Kumar Mishra This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-6929093/v2 This work is licensed under a CC BY 4.0 License Status: Posted Version 2 posted You are reading this latest preprint version Show more versions Abstract Purpose The purpose of this paper is to investigate the association between CEO Characteristics and Working Capital Management of manufacturing companies listed in NSE-India. Furthermore, it also tries to determine which attributes of CEO most substantially affect the Working Capital Management measured by Cash Conversion Cycle Design/Methodology/Approach: The research is primarily based on secondary data gathered from annual reports as well as financial databases of 120 NSE-listed manufacturing companies during a nine-year period (2015–2023). A panel data regression model with descriptive statistics, correlation, as well as multicollinearity diagnostics was used to investigate the influence of CEO attributes such as age, gender, tenure, education, and financial competence. Findings: More aggressive and effective WCM policies are linked to younger, financially educated, along with longer-tenured CEOs. While prior financial experience favorably affected WCM and CEO gender had no significant impact. Originality/Value: The study offers a novel contribution by exploring the impact of CEO characteristics on Working Capital Management of manufacturing companies in India. The results offer practical recommendations for board, investors, regulators and policy makers Finance Corporate Governance Working Capital Management NSE Cash Conversion Cycle CEO Full Text Additional Declarations The authors declare no competing interests. Cite Share Download PDF Status: Posted Version 2 posted You are reading this latest preprint version Show more versions Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. Our growing team is made up of researchers and industry professionals working together to solve the most critical problems facing scientific publishing. Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-6929093","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":473936629,"identity":"f7f54e07-fb69-4f95-93e8-10230073c73c","order_by":0,"name":"Pravata Kumar Jena","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAA2ElEQVRIiWNgGAWjYDACHoYEIGkjxw/iJBQQryXNWLIBpMWAOC0gcDhxwwEQTYwWc54DDx8X1DAzbj6/OvHDAwMGeX6xA/i1WPY2JBvPOMbGbHbj7WYJoMMMZ85OwK/F4DxDmjQPGw+b2Y2zG0BaEgxuE9aS/pvnnwSP8Yyzm38Qp+VsQxozb5uBhAF/7zbibLHsOZAszduXYCBxg3ebBZAi7BdznpzEzzzf/tf395/dfPNHhY08vzQhhzHwQFVIgGkJ/MohWtgPQFj8BwirHgWjYBSMgpEJANPOQ5eXkgPqAAAAAElFTkSuQmCC","orcid":"https://orcid.org/0000-0002-2743-6264","institution":"P.G. 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