南方科技大学知识苑(SUSTech KC): The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs

题名	The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs
作者	Chen，Chong 1; He，Yongsi2 ; Wang，Kai 1; Yan，Shuo2
通讯作者	Yan，Shuo
发表日期	2022
DOI	10.1080/1540496X.2022.2073817
发表期刊	EMERGING MARKETS FINANCE AND TRADE 影响因子和分区
ISSN	1540-496X
EISSN	1558-0938
摘要	We examine the relationship between CEO early-life natural disaster experience and corporate innovation. As China has a strict household registration system, we measure CEOs’ early-life natural disaster experience via defining CEOs’ birthplaces based on their official ID and linking it to the Chinese natural disaster database. We find that firms with CEOs who were exposed to natural disasters are less innovative. Importantly, we use textual analysis techniques to document two possible channels through which CEO natural disasters experience to stymie corporate innovation: CEO shortsightedness and risk-averse. Our results are robust to the instrumental variable approach, alternative definitions of early-life time windows and innovation, as well as difference-in-differences test based on CEO turnover events. Taken together, this study sheds light on the relationship between natural disasters and management’s myopia behavior.
关键词	disaster experience G32 Innovation managerial myopia O30 Q54
相关链接	[Scopus记录]
收录类别	SSCI
语种	英语
学校署名	通讯
资助项目	National Natural Science Foundation of China[71802104,72102245]
WOS研究方向	Business & Economics ; International Relations
WOS类目	Business ; Economics ; International Relations
WOS记录号	WOS:000809721100001
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
ESI学科分类	ECONOMICS BUSINESS
Scopus记录号	2-s2.0-85131733109
来源库	Scopus
引用统计	被引频次[WOS]：18
成果类型	期刊论文
条目标识符	http://sustech.caswiz.com/handle/2SGJ60CL/336284
专题	商学院_金融系
作者单位	1.Chinese Academy of Finance and Development,Central University of Finance and Economics,Beijing,Haidian,China 2.Department of Finance,Southern University of Science and Technology,Shenzhen,Guangdong,China
通讯作者单位	金融系
推荐引用方式 GB/T 7714	Chen，Chong,He，Yongsi,Wang，Kai,et al. The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs[J]. EMERGING MARKETS FINANCE AND TRADE,2022.
APA	Chen，Chong,He，Yongsi,Wang，Kai,&Yan，Shuo.(2022).The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs.EMERGING MARKETS FINANCE AND TRADE.
MLA	Chen，Chong,et al."The Impact of early-life Natural Disaster Experiences on the Corporate Innovation by CEOs".EMERGING MARKETS FINANCE AND TRADE (2022).