You Don’t Forget Your Roots: The Influence of CEO Social Class Background on Strategic Risk Taking
研究CEO童年社会阶层出身如何影响企业风险承担，并考察精英教育和多元职能背景的调节作用，揭示早期阶层经历对高管决策的持久影响。
Social class is increasingly recognized as a powerful force in people’s lives. Yet despite the long and extensive stream of research on the upper echelons of organizations, we know little about how executives’ formative childhood experiences with social class influence their strategic choices. In this study, we investigate the influence of chief executive officers’ (CEOs’) perceived social class origins on firm risk taking. We also explore the moderating influences of other important career experiences, in the form of elite education and diverse functional backgrounds. Our theory and findings highlight that an executive’s social class origins have a lasting and varying impact on his or her preferences, affecting his or her tendency to take risks. By examining this novel managerial characteristic, we offer important implications for theorizing about social class and upper echelons.