Leading safely: The impact of generalist CEOs on workplace safety

IF 4.3 2区经济学 Q1 BUSINESS, FINANCE

Journal of Behavioral and Experimental Finance Pub Date : 2025-04-24 DOI:10.1016/j.jbef.2025.101056

Tony Xiaochi Zhang , Alexander Molchanov , Harvey Nguyen , Mia Hang Pham

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引用次数: 0

Abstract

Businesses are expected to operate as responsible corporate entities, with employee safety serving as a cornerstone of this responsibility. Executives, as corporate leaders, bear moral and ethical obligations to ensure the well-being of their workforce. Drawing on human capital and upper echelons theories, we examine the influence of executives' transferable skills on workplace safety outcomes. We find that chief executive officers (CEOs) with general managerial human capital significantly contribute to the creation of safer work environments. The relation is more pronounced in firms facing financing constraints or intense market competition. These CEOs improve safety outcomes by making more prudent labor investment decisions, reducing employee workloads, and maintaining high information quality. Overall, our study underscores the pivotal role of CEOs' general managerial human capital in promoting employee well-being and mitigating the potential adverse consequences of occupational hazards on firm performance. JEL classification: J28; M12; M54

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安全领导：多面手ceo对工作场所安全的影响

企业应作为负责任的企业实体运营，员工安全是这一责任的基石。高管作为企业领导者，承担着道德和伦理义务，以确保其员工的福祉。利用人力资本和上层理论，我们研究了高管的可转移技能对工作场所安全结果的影响。我们发现，拥有一般管理人力资本的首席执行官（ceo）对创造更安全的工作环境做出了重大贡献。这种关系在面临融资约束或激烈市场竞争的企业中更为明显。这些首席执行官通过做出更谨慎的劳动力投资决策、减少员工工作量和保持高信息质量来改善安全结果。总体而言，我们的研究强调了ceo的一般管理人力资本在促进员工福祉和减轻职业危害对公司绩效的潜在不利影响方面的关键作用。JEL分类：J28；M12;M54

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来源期刊

Journal of Behavioral and Experimental Finance BUSINESS, FINANCE-

CiteScore

13.20

自引率

6.10%

发文量

审稿时长

69 days

期刊介绍： Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments. Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.