Neighborhood CEOs

Mario Amore (), Morten Bennedsen () and Birthe Larsen
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Morten Bennedsen: University of Copenhagen, https://www.econ.ku.dk/ansatte/vip/?pure=da/persons/117279

No 10-2022, Working Papers from Copenhagen Business School, Department of Economics

Abstract: The working environment is a key driver of firms’ success. Using unique survey and register data from Denmark, we show that firms led by neighborhood CEOs –defined by physical distance and personal values - exhibit better workplace condi-tions as perceived both by a regulatory authority and firms’ own employees. The e˙ect is stronger when the CEO’s and employees’ children attend the same school, pointing to social interactions as a channel for the result. Finally, we show that CEOs who emphasize neighborhood engagement adopt a management style tilted toward employees’ welfare.

Keywords: CEO; geographic proximity; neighborhood values; working environment; management styles (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2022-05-30
New Economics Papers: this item is included in nep-eur, nep-lab and nep-ure
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