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CEO health
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DOI：10.1016/j.leaqua.2022.101672.png)
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摘要
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Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and out-comes. We find CEOs are in much better health than the population and on par with other high-skill profession -als. 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 posi-tion. Second, the CEO position has no discernible impact on the health of its holder. Third, poor health is asso-ciated 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.
Keyword:
CEOs
Physical health
Mental health
Appointments
Turnover
Performance
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