Peasant youth experiences of CEOs, risk aversion and corporate performance

Dados Bibliográficos

ID5722367
AutoresKebin Deng (0000-0002-5159-481X, South China University of Technology), Zhong Ding (0000-0002-6400-1358, Guangdong University of Foreign Studies, autor correspondente), Yalu Wang (0000-0003-3823-6230, South China University of Technology)
Ano2020
Volume32
Fascículo3
Páginas278-312
Data de publicação2020-08-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoRationality and Society (JOURNAL)
Identificadores do periódicoISSN: 1043-4631 • E-ISSN: 1461-7358
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1177/1043463120945636
OpenAlexW3047101559
IdiomaEN
Referências citadas54

This article examines the impact of spiritual tempering on corporate performance by investigating the experiences of CEOs who were part of the "peasant youth" between 1957 and 1976 in China. Using a sample of China's listed companies and by developing propensity score matching and a difference-in-differences model, we find that CEOs who had profound peasant youth experiences have a stronger awareness of risk prevention and that these experiences lead to an improvement in corporate performance of over 3%. In addition, the positive impact of CEOs' peasant youth experience on corporate performance is pronounced in either state-owned or non-state-owned enterprises. Overall, this study confirms that spiritual tempering has a significant positive impact on corporate performance

Business · China · Corporate social responsibility · Demographic economics · Economics · Peasant · Political science · Propensity score matching · Public relations · Corporate Finance and Governance · Family Business Performance and Succession · Islamic Finance and Banking Studies