CEO's early-life earthquake experience and enterprise digitization

Jiayi Luo, Yukun Pan and Mengmeng Guo

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: Using Chinese CEOs' earthquake experiences in childhood as an exogenous shock, we examine how executives' early-life disaster experiences impact corporate digitization. Our results show CEOs who experienced severe earthquakes in childhood tend to be more conservative, diminishing digitization efforts. Our mechanism analysis suggests these results stem from reduced risk-taking inclinations. Robustness tests confirm the validity of our primary conclusions. Overall, our study sheds light on how top executives' early-life experiences shape strategic decisions like technology adoption, thereby enriching our understanding of personal influences on corporate decision-making.

Keywords: Earthquake experience; Enterprise digitization; Risk aversion; Risk preference (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324011012
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011012

DOI: 10.1016/j.frl.2024.106071

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().