| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14933 |
| DP14933 CEO Stress, Aging, and Death | |
| Mark Borgschulte; Marius Guenzel; Canyao Liu; Ulrike M. Malmendier | |
| 发表日期 | 2020-06-24 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We estimate the long-term effects of experiencing high levels of job demands on the mortality and aging of CEOs. The estimation exploits variation in takeover protection and industry crises. First, using hand-collected data on the dates of birth and death for 1,605 CEOs of large, publicly-listed U.S. firms, we estimate the resulting changes in mortality. The hazard estimates indicate that CEOs’ lifespan increases by two years when insulated from market discipline via anti-takeover laws, and decreases by 1.5 years in response to an industry-wide downturn. Second, we apply neural-network based machine-learning techniques to assess visible signs of aging in pictures of CEOs. We estimate that exposure to a distress shock during the Great Recession increases CEOs’ apparent age by one year over the next decade. Our findings imply significant health costs of managerial stress, also relative to known health risks. |
| 主题 | Financial Economics |
| 关键词 | Managerial stress Job demands Life expectancy Apparent-age estimation Industry distress Visual machine-learning Corporate governance |
| URL | https://cepr.org/publications/dp14933-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543876 |
| 推荐引用方式 GB/T 7714 | Mark Borgschulte,Marius Guenzel,Canyao Liu,et al. DP14933 CEO Stress, Aging, and Death. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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