| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19782 |
| 来源ID | Working Paper 19782 |
| Military CEOs | |
| Efraim Benmelech; Carola Frydman | |
| 发表日期 | 2014-01-03 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | There is mounting evidence of the influence of personal characteristics of CEOs on corporate outcomes. In this paper we analyze the relation between military service of CEOs and managerial decisions, financial policies, and corporate outcomes. Exploiting exogenous variation in the propensity to serve in the military, we show that military service is associated with conservative corporate policies and ethical behavior. Military CEOs pursue lower corporate investment, are less likely to be involved in corporate fraudulent activity, and perform better during industry downturns. Taken together, our results show that military service has significant explanatory power for managerial decisions and firm outcomes. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w19782 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577455 |
| 推荐引用方式 GB/T 7714 | Efraim Benmelech,Carola Frydman. Military CEOs. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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