CEO DIVORCE AND FIRM OPERATING PERFORMANCE

被引：3

作者：

Kleindienst, Ingo ^{[1
]}

Abreha, Kaleb Girma ^{[2
]}

Schweizer, Denis ^{[3
]}

Proelss, Juliane ^{[3
]}

Cserpes, Tunde ^{[4
]}

机构：

[1] Aarhus Univ, Sch Business & Social Sci, Dept Management, Strategy & Int Business, Aarhus, Denmark

[2] World Bank, Washington, DC USA

[3] Concordia Univ, Finance, Montreal, PQ, Canada

[4] Aarhus Univ, Sch Business & Social Sci, Dept Management, Strategy & Entrepreneurship, Aarhus, Denmark

来源：

ACADEMY OF MANAGEMENT DISCOVERIES | 2022年 / 8卷 / 04期

关键词：

UPPER ECHELONS; WORK CONFLICT; MANAGERIAL;

D O I：

10.5465/amd.2020.0031

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

We examine how CEO divorce affects firm operating performance. To this end, we use population-level data of CEOs in Denmark over the 2000-2012 sample period. Applying a difference-in-differences research design, we study matching pairs of firms with married and divorcing CEOs. We find that CEO divorce is associated with significant underperformance-as measured by operating return on assets (OROA) and industry -adjusted OROA-but only under specific circumstances: in small firms, in high-growth industries, when children are present in the CEO household, and when the income differ-ence between the CEO and spouse is high. Overall, in addition to social implications, we find that CEO divorce can have significant economic ramifications for firms.

引用

页码：561 / 584

页数：24

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