TY - JOUR
T1 - Poverty as a Double-Edged Sword
T2 - How CEOs’ Childhood Poverty Experience Affect Firms’ Risk Taking
AU - Zhang, Zhe
AU - Wang, Xin
AU - Jia, Ming
N1 - Publisher Copyright:
© 2021 British Academy of Management and Wiley Periodicals LLC.
PY - 2022/7
Y1 - 2022/7
N2 - This study explores the potential effect of chief executive officers’ (CEOs’) childhood poverty experience on firms’ risk taking. By integrating upper echelon theory and life history theory, we show that CEOs with childhood poverty experience are willing to engage in firms’ risk taking due to their perceived survival threat. We also explore a new dimension of perceived survival threat and then propose that the temporal perception of survival threat influences CEOs’ choice of firms’ risk taking. Specifically, the relationship between CEOs’ childhood poverty experience and firms’ risk taking is moderated by CEOs’ current payment as reflected in their different choices of firms’ risk-taking behaviours. Our empirical study employs a longitudinal analysis of Chinese publicly listed firms from 2003 to 2016. We also performed a two-stage experiment of Chinese CEOs as a supplementary study to improve internal validity.
AB - This study explores the potential effect of chief executive officers’ (CEOs’) childhood poverty experience on firms’ risk taking. By integrating upper echelon theory and life history theory, we show that CEOs with childhood poverty experience are willing to engage in firms’ risk taking due to their perceived survival threat. We also explore a new dimension of perceived survival threat and then propose that the temporal perception of survival threat influences CEOs’ choice of firms’ risk taking. Specifically, the relationship between CEOs’ childhood poverty experience and firms’ risk taking is moderated by CEOs’ current payment as reflected in their different choices of firms’ risk-taking behaviours. Our empirical study employs a longitudinal analysis of Chinese publicly listed firms from 2003 to 2016. We also performed a two-stage experiment of Chinese CEOs as a supplementary study to improve internal validity.
UR - http://www.scopus.com/inward/record.url?scp=85106303499&partnerID=8YFLogxK
U2 - 10.1111/1467-8551.12515
DO - 10.1111/1467-8551.12515
M3 - 文章
AN - SCOPUS:85106303499
SN - 1045-3172
VL - 33
SP - 1632
EP - 1653
JO - British Journal of Management
JF - British Journal of Management
IS - 3
ER -