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CEO health

Bibliographic Data

ID21630966
AuthorsMatti Keloharju (0000-0001-6093-8613, Research Institute of Industrial Economics, corresponding author), Samuli Knüpfer (Aalto University), Joacim Tåg (0000-0002-4924-2479, Hanken School of Economics)
Year2023
Volume34
Issue3
Pages101672
Publication date2023-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Leadership Quarterly (JOURNAL)
Journal identifiersISSN: 1048-9843 • E-ISSN: 1873-3409
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.leaqua.2022.101672
OpenAlexW4319987549
LanguageEN
Citations received5
References cited67

Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill professionals. These results apply in particular to mental health and to CEOs of larger companies. We explore three mechanisms that can account for CEOs’ robust health. First, we find health predicts appointment to a CEO position. Second, the CEO position has no discernible impact on the health of its holder. Third, poor health is associated with greater CEO turnover. Here, both contemporaneous health and health at the time of appointment matter. Poor CEO health also predicts poor firm outcomes. We find a statistically significant association between mental health and corporate performance for smaller-firm CEOs, for whom a one standard deviation deterioration in mental health translates into a performance reduction of 6% relative to the mean

Actuarial science · Business · Demographic economics · Economics · Environmental health · Mental health · Population · Psychiatry · Corporate Finance and Governance · Entrepreneurship Studies and Influences · Firm Innovation and Growth · Medicine · Psychology · Finance

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Unique citing works5
Citations per year1,67
Citation span2023 - 2026 (4)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 5
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