Title: Does MBA education make better managers? An empirical study from CEO replacement of Chinese listed firms

Authors: Zhizhong Huang; Jiaqing Yang; Wenli Xie; Hengli Li

Addresses: School of Business, Nanjing University, 22 Hankou Road, Nanjing 210093, China ' Georgia College and State University, Milledgeville, GA 31061, USA ' School of Business, Shantou University, Shantou, 243 Daxue Road, Shantou, Guangdong 515063, China ' School of Business, Shantou University, Shantou, 243 Daxue Road, Shantou, Guangdong 515063, China

Abstract: This paper empirically examine the relationship between the quality of MBA education and firm performance. There are three interesting results from this research. First, it is revealed that those CEOs with MBA had performed no better than their counterpart - those non-MBA predecessors. Second, it is suggested that those CEOs who graduated from those MBA programs running independently had performed significantly worse than their counterpart. Finally, it is indicated that those CEOs who graduated from the programs sponsored by Sino-foreign cooperative model had performed much better than their counterpart. Those results provide useful practical guideline for future MBA education in China.

Keywords: MBA programmes; master's degrees; business administration; programme performance; business schools; school structure; chief executive officers; CEOs; CEO replacement; distance education; managers; listed firms; education quality; firm performance; executive performance; managerial quality; sponsorship; Sino-foreign cooperation; cooperative models; China; education management; higher education; universities; distance learning; innovation; innovative learning.

DOI: 10.1504/IJMIE.2013.050811

International Journal of Management in Education, 2013 Vol.7 No.1/2, pp.5 - 21

Published online: 13 Sep 2014 *

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