CEO Health
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Journal Title
Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date
2023-06
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Mcode
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Language
en
Pages
Series
LEADERSHIP QUARTERLY, Volume 34, issue 3
Abstract
Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill professionals. These results apply in particular to mental health and to CEOs of larger companies. We explore three mechanisms that can account for CEOs’ robust health. First, we find health predicts appointment to a CEO position. Second, the CEO position has no discernible impact on the health of its holder. Third, poor health is associated with greater CEO turnover. Here, both contemporaneous health and health at the time of appointment matter. Poor CEO health also predicts poor firm outcomes. We find a statistically significant association between mental health and corporate performance for smaller-firm CEOs, for whom a one standard deviation deterioration in mental health translates into a performance reduction of 6% relative to the mean.Description
Keywords
CEOs, Physical health, Mental health, Appointments, Turnover, Performance
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Citation
Keloharju, M, Knüpfer, S & Tåg, J 2023, ' CEO Health ', LEADERSHIP QUARTERLY, vol. 34, no. 3, 101672 . https://doi.org/10.1016/j.leaqua.2022.101672
