| dc.description.abstract | The focus of this study is mainly on how CEOs can apply their expertise in debt ratio to the capabilities of the companies they transition to, and to discuss the impact of different factors on the CEO′s ability to adjust the debt ratio. First, we will discuss whether CEOs choose companies with similar or comparable debt ratios when selecting a new company for their next career development, and bring their past debt ratio experiences from their previous company to the new one. In terms of CEO characteristics, we will gradually analyze three major aspects. Companies with similar industry experience may reduce the CEO′s ability to adjust the company′s debt ratio, and we will also examine the impact of corporate governance on debt ratios. Unlike previous studies that mainly focused on the impact of CEO personal traits on debt ratios, this study aims to extend the discussion beyond that. Since a company is also responsible to the board of directors for the use of funds, this study will also verify the relationship between the CEO and the board of directors, and show in the data that if the relationship between the CEO and the board of directors is good, there is sufficient evidence to explain the CEO′s ability to change the company′s debt ratio. Finally, we will examine the ability of gender to explain decision-making ability, and demonstrate that gender can adequately explain decision-making ability. | en_US |