Journal article

Are CEOs born leaders? Lessons from traits of a million individuals

Abstract:: What makes a successful CEO? We combine a near-exhaustive sample of male CEOs from Swedish companies with data on their cognitive and noncognitive ability and height at age 18. CEOs differ from other high-skill professions most in noncognitive ability. The median large-company CEO belongs to the top 5% of the population in the combination of the three traits. The traits have a monotonic and close to linear relation with CEO pay, but their correlations with pay, firm size, and CEO fixed effects in firm policies are relatively low. Traits appear necessary but not sufficient for making it to the top.

Publication status:: Published

Peer review status:: Peer reviewed

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APA Style

Adams, R., Keloharju, M., & Knüpfer, S. (2018). Are CEOs born leaders? Lessons from traits of a million individuals. Journal of Financial Economics, 130(2), 392–408.

MLA Style

Adams, R., et al. “Are CEOs Born Leaders? Lessons from Traits of a Million Individuals.” Journal of Financial Economics, vol. 130, no. 2, Elsevier, 2018, pp. 392–408.

Chicago Style

Adams, R, M Keloharju, and S Knüpfer. 2018. “Are CEOs Born Leaders? Lessons from Traits of a Million Individuals.” Journal of Financial Economics 130 (2): 392–408.
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Files:: Adams, Kelharju, Knupfer pre.pdf

(Preview, Accepted manuscript, pdf, 1.1MB, Terms of use)

Publisher copy:: 10.1016/j.jfineco.2018.07.006

Authors

+ Adams, R More by this author

Institution:: University of Oxford
Division:: Social Sciences Division
Department:: Said Business School
Role:: Author

+ Keloharju, M More by this author

Role:: Author

+ Knüpfer, S More by this author

Role:: Author

Publisher:: Elsevier
Journal:: Journal of Financial Economics More from this journal
Volume:: 130
Issue:: 2
Pages:: 392-408
Publication date:: 2018-07-06
Acceptance date:: 2017-11-14
DOI:: 10.1016/j.jfineco.2018.07.006
EISSN:: 1879-2774
ISSN:: 0304-405X

Keywords:: cognitive ability

height

compensation

CEOs

noncognitive ability
Pubs id:: pubs:953106
UUID:: uuid:8cf6e6be-ac86-4592-9abd-6623bcf0e8a2
Local pid:: pubs:953106
Source identifiers:: 953106
Deposit date:: 2018-12-18

Terms of use

Copyright holder:: Elsevier
Copyright date:: 2018
Notes:: © 2018 Elsevier B.V. All rights reserved. This is the accepted manuscript version of the article. The final version is available online from Elsevier at: https://doi.org/10.1016/j.jfineco.2018.07.006

Licence:: CC Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND)

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