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Does a CEO's cultural heritage affect performance under competitive pressure?
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dc.contributor.author | Nguyen, Duc Duy | |
dc.contributor.author | Hagendorff, Jens | |
dc.contributor.author | Eshraghi, Arman | |
dc.date.accessioned | 2019-05-18T23:38:13Z | |
dc.date.available | 2019-05-18T23:38:13Z | |
dc.date.issued | 2018-01-01 | |
dc.identifier | 248968252 | |
dc.identifier | a14f891d-21de-417a-a7f3-033cc95468ff | |
dc.identifier | 85042420247 | |
dc.identifier | 000428741900003 | |
dc.identifier.citation | Nguyen , D D , Hagendorff , J & Eshraghi , A 2018 , ' Does a CEO's cultural heritage affect performance under competitive pressure? ' , Review of Financial Studies , vol. 31 , no. 1 , pp. 97-141 . https://doi.org/10.1093/rfs/hhx046 | en |
dc.identifier.issn | 0893-9454 | |
dc.identifier.uri | https://hdl.handle.net/10023/17727 | |
dc.description.abstract | We exploit variation in cultural heritage across CEOs who are the children or grandchildren of immigrants to demonstrate that the cultural origins of CEOs matter for corporate outcomes. Following shocks to industry competition, firms led by CEOs who are second- or third-generation immigrants are associated with a 6.2% higher profitability than the average firm. This effect weakens over successive immigrant generations and cannot be detected for top executives other than the CEO. Additional analysis attributes this effect to various cultural values that prevail in a CEO’s ancestral country of origin. | |
dc.format.extent | 45 | |
dc.format.extent | 1621392 | |
dc.language.iso | eng | |
dc.relation.ispartof | Review of Financial Studies | en |
dc.subject | CEOs | en |
dc.subject | Cultural values | en |
dc.subject | Corporate investments | en |
dc.subject | Performance | en |
dc.subject | Competition | en |
dc.subject | HG Finance | en |
dc.subject | 3rd-DAS | en |
dc.subject | BDC | en |
dc.subject | R2C | en |
dc.subject.lcc | HG | en |
dc.title | Does a CEO's cultural heritage affect performance under competitive pressure? | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.identifier.doi | 10.1093/rfs/hhx046 | |
dc.description.status | Peer reviewed | en |
dc.date.embargoedUntil | 2019-05-19 |
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