Abstract
Using Chinese CEOs' earthquake experiences in childhood as an exogenous shock, we examine how executives' early-life disaster experiences impact corporate digitization. Our results show CEOs who experienced severe earthquakes in childhood tend to be more conservative, diminishing digitization efforts. Our mechanism analysis suggests these results stem from reduced risk-taking inclinations. Robustness tests confirm the validity of our primary conclusions. Overall, our study sheds light on how top executives' early-life experiences shape strategic decisions like technology adoption, thereby enriching our understanding of personal influences on corporate decision-making.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
