abstract: By matching a CEO's place of residence in his or her formative years with U.S. Census survey data, I obtain an estimate of the CEO's family wealth and study the link between the CEO's endowed social status and firm performance. I find that, on average, CEOs born into poor families outperform those born into wealthy families, as measured by a variety of proxies for firm performance. There is no evidence of higher risk-taking by the CEOs from low social status backgrounds. Further, CEOs from less privileged families perform better in firms with high R&D spending but they underperform CEOs from wealthy families when firms operate in a more uncertain environment. Taken together, my results show that endowed family wealth of a CEO is useful in identifying his or her managerial ability. / Dissertation/Thesis / Doctoral Dissertation Business Administration 2018
| Identifer | oai:union.ndltd.org:asu.edu/item:49371 |
| Date | January 2018 |
| Contributors | Du, Fangfang (Author), Babenko, Ilona (Advisor), Bates, Thomas (Advisor), Tserlukevich, Yuri (Committee member), Wang, Jessie (Committee member), Arizona State University (Publisher) |
| Source Sets | Arizona State University |
| Language | English |
| Detected Language | English |
| Type | Doctoral Dissertation |
| Format | 100 pages |
| Rights | http://rightsstatements.org/vocab/InC/1.0/, All Rights Reserved |
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