Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs' Growth Paths

doi:10.1111/irfi.12183

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	Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs' Growth Paths
	Hao, Ying 1; Wang, Shaofei 2; Chou, Robin K.3,4; Ko, Kuan-Cheng 5
刊名	INTERNATIONAL REVIEW OF FINANCE
	2019-06
卷号	19 期号:2 页码:347-383
ISSN号	1369-412X
DOI	10.1111/irfi.12183
英文摘要	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.
WOS研究方向	Business & Economics
语种	英语
出版者	WILEY
WOS记录号	WOS:000470748400004
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/227]
专题	上海财经大学
通讯作者	Hao, Ying
作者单位	1.Beijing Normal Univ, Business Sch, 175 Xinjiekouwai St, Beijing 100875, Peoples R China; 2.Shanghai Univ Finance & Econ, Coll Business, Shanghai, Peoples R China; 3.Natl Chengchi Univ, Dept Finance, Taipei, Taiwan; 4.Natl Chengchi Univ, Risk & Insurance Res Ctr, Taipei, Taiwan; 5.Natl Chi Nan Univ, Dept Banking & Finance, Nantou, Taiwan
推荐引用方式 GB/T 7714	Hao, Ying,Wang, Shaofei,Chou, Robin K.,et al. Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs' Growth Paths[J]. INTERNATIONAL REVIEW OF FINANCE,2019,19(2):347-383.
APA	Hao, Ying,Wang, Shaofei,Chou, Robin K.,&Ko, Kuan-Cheng.(2019).Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs' Growth Paths.INTERNATIONAL REVIEW OF FINANCE,19(2),347-383.
MLA	Hao, Ying,et al."Boom-Baby CEOs, Career Experience, and Risk Taking: A Natural Experiment Using Chinese CEOs' Growth Paths".INTERNATIONAL REVIEW OF FINANCE 19.2(2019):347-383.