Yangyang Chen, E. Ofosu, M. Veeraraghavan, L. Zolotoy
{"title":"CEO过度自信会影响工作场所安全吗?","authors":"Yangyang Chen, E. Ofosu, M. Veeraraghavan, L. Zolotoy","doi":"10.2139/ssrn.3928280","DOIUrl":null,"url":null,"abstract":"We study the impact of CEO overconfidence on workplace safety. We provide robust evidence of a positive relation between CEO overconfidence and workplace injury rates, implying that CEO overconfidence impairs workplace safety. In cross-sectional analysis, we find that the documented effect is amplified among firms with greater concentration of decision rights in headquarters and high employee turnover, while is mitigated among firms with stronger labor union presence, high institutional ownership, and CEOs who are close to retirement age. Supplemental analysis points to poor corporate safety culture and increased employee workload as the mechanisms behind the documented relation.","PeriodicalId":224709,"journal":{"name":"Corporate Finance: Governance","volume":"134 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Does CEO Overconfidence Affect Workplace Safety?\",\"authors\":\"Yangyang Chen, E. Ofosu, M. Veeraraghavan, L. Zolotoy\",\"doi\":\"10.2139/ssrn.3928280\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We study the impact of CEO overconfidence on workplace safety. We provide robust evidence of a positive relation between CEO overconfidence and workplace injury rates, implying that CEO overconfidence impairs workplace safety. In cross-sectional analysis, we find that the documented effect is amplified among firms with greater concentration of decision rights in headquarters and high employee turnover, while is mitigated among firms with stronger labor union presence, high institutional ownership, and CEOs who are close to retirement age. Supplemental analysis points to poor corporate safety culture and increased employee workload as the mechanisms behind the documented relation.\",\"PeriodicalId\":224709,\"journal\":{\"name\":\"Corporate Finance: Governance\",\"volume\":\"134 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-09-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Corporate Finance: Governance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3928280\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Finance: Governance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3928280","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
We study the impact of CEO overconfidence on workplace safety. We provide robust evidence of a positive relation between CEO overconfidence and workplace injury rates, implying that CEO overconfidence impairs workplace safety. In cross-sectional analysis, we find that the documented effect is amplified among firms with greater concentration of decision rights in headquarters and high employee turnover, while is mitigated among firms with stronger labor union presence, high institutional ownership, and CEOs who are close to retirement age. Supplemental analysis points to poor corporate safety culture and increased employee workload as the mechanisms behind the documented relation.
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