首席执行官的乐观信念对员工不利吗?公司雇佣决策的证据

IF 5.4 2区 管理学 Q1 INDUSTRIAL RELATIONS & LABOR
Hang Le, Ishrar Kibria, Kun Jiang
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引用次数: 0

摘要

使用行为方法,我们调查了首席执行官乐观主义是如何影响企业就业决策的。乐观主义被定义为一种人格特征,一个人对未来事件的结果有乐观的信念。利用1995年至2017年美国上市公司的数据,我们发现,与首席执行官不乐观的公司相比,首席执行官乐观的公司的就业增长率更高,对销售额下降的就业敏感性也更低。我们还发现,在财务受限的公司中,乐观的首席执行官对就业决策的影响更大。我们使用熵平衡方法、倾向得分匹配和两阶段最小二乘回归来处理潜在的内生性问题。我们的研究结果对人力资源管理政策的设计和实施具有重要意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Is Chief Executive Officer optimistic belief bad for workers? Evidence from corporate employment decisions

Using a behavioural approach, we investigate how Chief Executive Officer optimism, defined as a personality trait where a person has optimistic beliefs about the outcome of future events, influences corporate employment decisions. Using data of publicly traded firms in the U.S. from 1995 to 2017, we show that firms with optimistic CEOs have higher employment growth and exhibit less pronounced employment sensitivity to declining sales than firms with non-optimistic CEOs do. We also find that the impact of optimistic CEOs on employment decisions is larger in financially constrained firms. We deal with potential endogeneity issues with the entropy balancing method, propensity score matching and two-stage least squares regression. Our findings have important implications for the design and implementation of Human Resource Management policies.

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来源期刊
CiteScore
2.80
自引率
10.90%
发文量
56
期刊介绍: Human Resource Management Journal (CABS/AJG 4*) is a globally orientated HRM journal that promotes the understanding of human resource management to academics and practicing managers. We provide an international forum for discussion and debate, and stress the critical importance of people management to wider economic, political and social concerns. Endorsed by the Chartered Institute of Personnel and Development, HRMJ is essential reading for everyone involved in personnel management, training, industrial relations, employment and human resource management.
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