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題名 Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs` Growth Paths
作者 周冠男
Chou, Robin K.
Hao, Ying
Wang, Shaofei
Ko, Kuan-Chen
貢獻者 財管系
日期 2019-06
上傳時間 20-Feb-2020 14:29:35 (UTC+8)
摘要 China`s economy represents a unique experimental environment, in that it has undergone a successful transformation from a planned to a more open system. Leveraging this natural experimental setting, this study examines the impacts of CEOs’ formative experiences on their risk‐taking behavior. Two events likely constitute formative experiences for CEOs: economic reforms that commenced in 1978 and their prior career experiences. In turn, CEOs’ risk tolerance attitudes likely reflect the influences of these significant events. The results show that CEOs who experienced economic reforms in their early adult life exhibit higher risk‐taking likelihood and greater risk tolerance than those who grew up during the planned economy era. Furthermore, firm performance achieved by CEOs’ risk taking is significantly better when CEOs originally started working in and then remained within business sectors.
關聯 International Review of Finance, Vol.19, No.2, pp.347-383
資料類型 article
DOI https://doi.org/10.1111/irfi.12183
dc.contributor 財管系
dc.creator (作者) 周冠男
dc.creator (作者) Chou, Robin K.
dc.creator (作者) Hao, Ying
dc.creator (作者) Wang, Shaofei
dc.creator (作者) Ko, Kuan-Chen
dc.date (日期) 2019-06
dc.date.accessioned 20-Feb-2020 14:29:35 (UTC+8)-
dc.date.available 20-Feb-2020 14:29:35 (UTC+8)-
dc.date.issued (上傳時間) 20-Feb-2020 14:29:35 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/128717-
dc.description.abstract (摘要) China`s economy represents a unique experimental environment, in that it has undergone a successful transformation from a planned to a more open system. Leveraging this natural experimental setting, this study examines the impacts of CEOs’ formative experiences on their risk‐taking behavior. Two events likely constitute formative experiences for CEOs: economic reforms that commenced in 1978 and their prior career experiences. In turn, CEOs’ risk tolerance attitudes likely reflect the influences of these significant events. The results show that CEOs who experienced economic reforms in their early adult life exhibit higher risk‐taking likelihood and greater risk tolerance than those who grew up during the planned economy era. Furthermore, firm performance achieved by CEOs’ risk taking is significantly better when CEOs originally started working in and then remained within business sectors.
dc.format.extent 122 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) International Review of Finance, Vol.19, No.2, pp.347-383
dc.title (題名) Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs` Growth Paths
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/irfi.12183
dc.doi.uri (DOI) https://doi.org/10.1111/irfi.12183