How Chief Executive Officers’ first-hand experience of the Great Chinese Famine affects risk-taking?
نویسندگان
چکیده
Abstract To understand the influence of Chief Executive Officers’ (CEOs) early life experiences on their firms’ strategic decision-making, here we explore impacts CEOs’ experience Great Chinese Famine (1959–1961) cognitions and firm risk-taking. Using longitudinal data from publicly listed companies in China 2006 to 2017, found that CEOs who experienced 3-year-long famine are more risk-averse, but this relationship only exists among during formative years (between 6 18 old). In addition, negative between risk-taking is weaker when state-owned stronger facing fiercely competitive markets. We also take a step further impact severity individuals, find there positive within moderate level. When exceeds certain level, reluctant risks with increase famine. Our findings provide new theoretical practical perspective studying disaster
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ژورنال
عنوان ژورنال: Humanities & social sciences communications
سال: 2023
ISSN: ['2662-9992']
DOI: https://doi.org/10.1057/s41599-023-01689-9