CEO health
Bibliographic Data
| ID | 21630966 |
|---|---|
| Authors | Matti 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) |
| Year | 2023 |
| Volume | 34 |
| Issue | 3 |
| Pages | 101672 |
| Publication date | 2023-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Leadership Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 1048-9843 • E-ISSN: 1873-3409 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.leaqua.2022.101672 |
| OpenAlex | W4319987549 |
| Language | EN |
| Citations received | 5 |
| References cited | 67 |
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 works | 5 |
|---|---|
| Citations per year | 1,67 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |