CEO Duality Trends and Prospects : A Hybrid Analysis

Authors

  •   Ema Garg Research Scholar, School of Business Management, SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Deemed-to-be-University, Mumbai - 400 056, Maharashtra ORCID logo https://orcid.org/0000-0001-9951-3524
  •   Sangeeta Wats Professor (Finance) (Corresponding Author), School of Business Management, SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Deemed-to-be-University, Mumbai - 400 056, Maharashtra ORCID logo https://orcid.org/0000-0002-0883-4785
  •   Chandrima Sikdar Professor (Economics), School of Business Management, SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Deemed-to-be-University, Mumbai - 400 056, Maharashtra ORCID logo https://orcid.org/0000-0002-9853-3600

DOI:

https://doi.org/10.17010/ijf/2026/v20i3/175581

Keywords:

CEO duality, corporate governance, board leadership, corporate sustainability, bibliometric analysis.
JEL Classification Codes : G30, G34
Publication Chronology: Paper Submission Date : September 25, 2025 ; Paper sent back for Revision : December 5, 2025 ; Paper Acceptance Date : January 22, 2026 ; Paper Published Online : March 15, 2026.

Abstract

Purpose : CEO duality has been examined for over three decades. However, no study has consolidated the existing knowledge structure. This study intended to integrate the existing literature, analyze current dynamics, elicit knowledge progression through content analysis, and propose future research directions.

Methodology : A two-stage hybrid review using bibliometric and content analysis was conducted on 826 high-quality Scopus-indexed papers on CEO duality published between 1987 and September 2022. Furthermore, a detailed content analysis was conducted on 69 articles.

Findings : Content analysis identified four research themes related to CEO duality, such as firm performance, financial performance, and other key variables : voluntary disclosures and the impact of CEO duality on other significant variables. Based on content analysis, this study offered future research directions.

Practical Implications : This study provided a methodological overview of the CEO duality literature for institutional heads, researchers, and regulators to understand its nuances and take necessary actions to achieve their respective objectives.

Originality : This study presents the hybrid evaluation encompassing bibliometric techniques and content analysis on CEO duality. It recognized publication trends, knowledge structures, and knowledge progression in this field. Furthermore, it recognized and analyzed research streams and suggested future research areas.

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Published

2026-03-15

How to Cite

Garg, E., Wats, S., & Sikdar, C. (2026). CEO Duality Trends and Prospects : A Hybrid Analysis. Indian Journal of Finance, 20(3), 8–30. https://doi.org/10.17010/ijf/2026/v20i3/175581

Issue

Volume 20, Issue 3, March 2026

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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