Military CEOs

Benmelech, Efraim; Frydman, Carola

doi:10.1016/j.jfineco.2014.04.009

Cited by 595 publications

(270 citation statements)

References 29 publications

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“…Several measures are frequently used to capture firm size, including revenues, assets, and number of employees. For our analysis we used the log revenues of the firm, a common metric of firm size (e.g., Chatterjee and Hambrick, 2007;Schrand and Zechman, 2012;Benmelech and Frydman, 2015). We reconducted all analyses using the logged number of employees and logged total assets as measures of firm size and similar results emerged.…”

Section: Firm Controlsmentioning

confidence: 97%

“…Backdating was more prevalent in some industries than in others, and was especially prevalent in the technology sector (Heron and Lie, 2007). Moreover, misconduct often varies across industries, in part because of differential oversight and regulations across industries (Baucus and Near, 1991;Benmelech and Frydman, 2015). In addition, we used a dummy variable to demarcate the period before and after the passage of Sarbanes-Oxley on July 30 th , 2002.…”

Section: Firm Controlsmentioning

confidence: 99%

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Do Good Times Breed Cheats? Prosperous Times Have Immediate and Lasting Implications for CEO Misconduct

Bianchi

Mohliver

2016

Organization Science

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We examine whether prosperous economic times have both immediate and lasting implications for corporate misconduct among CEOs. Drawing on research suggesting that prosperous times are associated with excessive risk-taking, overconfidence, and more opportunities to cheat, we first propose that CEOs will be more likely to engage in corporate misconduct during good economic times. Next, we propose that CEOs who begin their careers in prosperous times will be more likely to engage in self-serving corporate misconduct later in their careers. We tested these hypotheses by assembling a large dataset of American CEOs and following their stock option reporting patterns between 1996 and 2005. We found that in good economic times, CEOs were more likely to backdate their stock options grants. Moreover, CEOs who began their careers in prosperous times were more likely to backdate stock option grants later in their careers. These findings suggest that the state of the economy can influence current ethical behavior and leave a lasting imprint on the moral proclivities of new workforce entrants.

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Section: Firm Controlsmentioning

confidence: 97%

Section: Firm Controlsmentioning

confidence: 99%

Do Good Times Breed Cheats? Prosperous Times Have Immediate and Lasting Implications for CEO Misconduct

Bianchi

Mohliver

2016

Organization Science

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“…In the U.S. Bureau of Labor Statistics report, the unemployment rate for Gulf War-era II veterans was 13.3% in June 2012, compared with 9% among civilians in the same age group (DoL, 2014). The difference in the unemployment rates between Gulf War-era II veterans and civilians may be because some civilian hiring managers may not understand the transferability of military skills when juxtaposed with the talent requirements of civilian positions (Benmelech & Frydman, 2014).…”

Section: Introductionmentioning

confidence: 99%

“…The U.S. military has organized training programs combining service-related educational and on-the-job experience designed to build and develop leadership and management skills (Benmelech & Frydman, 2014) to help military personnel when they transition out of the military services. Skilled veterans may have difficulties moving from military service to civilian employment because they lack the academic credentials supporting the skills or training acquired in the military (Kleykamp, 2009).…”

Section: Introductionmentioning

confidence: 99%

“…Skilled veterans may have difficulties moving from military service to civilian employment because they lack the academic credentials supporting the skills or training acquired in the military (Kleykamp, 2009). The reluctance of hiring managers to hire veterans may place veterans at a disadvantage in the hiring process and may lead to higher unemployment rates among veterans (Benmelech & Frydman, 2014). U.S. soldiers are not only infantry soldiers.…”

Section: Introductionmentioning

confidence: 99%

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Recruitment Strategies, Matrices, and Techniques Used in Hiring Veterans

Agard

2017

IJHRS

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Successful transition to civilian employment is a challenge for veterans. The purpose of this single case study was to explore critical aspects of hiring managers' decision-making process and to understand how these strategies and techniques affect the hiring of veterans. Tajfel and Turner's social identity theory and Lewin's organizational change model formed the conceptual framework for the study. The participants for this study were 8 hiring managers from a midsized company in the Upper Hudson Valley Region, New York. Data were collected using semi-structured interviews. The data were analyzed and coded and 4 themes emerged: strategies used to fill open positions, specific recruitment and interview protocols, veterans' skills from military training, and lack of experience with hiring veterans. The study results may contribute to veteran's awareness of the skills that employers are seeking that veterans may be able to fulfill. The results of the study could create an opportunity for hiring managers to recognize that veterans represent a trained, ready-made talent pool. The social impact of the study could help hiring managers identify and design the required job description criteria to include the transferable skills of veterans.

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CEO poverty experience and corporate environmental violations

Du,

Ren

2023

Bus Strat Env

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This study explores the effect of chief executive officer (CEO) early‐life poverty experiences on firms' environmental violations. By integrating upper echelon theory and imprinting theory, we argue that CEOs' poverty imprints cause them to re‐evaluate their life priorities and channel managerial attention to their firms' economic goal domains, thereby encouraging CEOs to pursue firm economic performance rather than environmental responsibility. Consequently, they manifest a tendency to engage in environmental violations. An analysis of a large sample of publicly listed Chinese firms during the period 2008–2020 provides strong support for the positive effect of CEO poverty experience on corporate environmental violations. This poverty imprint effect is weaker for CEOs with higher education backgrounds but stronger for firms with greater horizontal performance gaps. Our results survived an endogeneity check and various robustness tests.

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Military CEOs

Cited by 595 publications

References 29 publications

Do Good Times Breed Cheats? Prosperous Times Have Immediate and Lasting Implications for CEO Misconduct

Do Good Times Breed Cheats? Prosperous Times Have Immediate and Lasting Implications for CEO Misconduct

Recruitment Strategies, Matrices, and Techniques Used in Hiring Veterans

CEO poverty experience and corporate environmental violations

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