CEO 's Early‐life Experience of Disasters and Corporate Environmental Performance
研究发现，CEO在童年或青年时期亲身经历过自然灾害，会促使他们更重视环境风险，从而减少企业环境问题。
We investigate the nexus between the early‐life disaster experiences of chief executive officers (CEOs) and their firms’ environmental performance metrics. We hypothesize that first‐hand experience of the adversities of natural disasters in the formative years of a CEO can catalyze a transformation in their environmental cognizance and perspective. This transformation is postulated to have a beneficial influence on their corporations’ strategic frameworks for environmental risk mitigation. Our results show that entities steered by CEOs exposed to disasters in their early life have fewer incidences of environmental issues. These findings remain consistent even when controlling for other factors or using alternative methods. We suggest that CEOs with early disaster experience have an enhanced perception of risk ramifications, which inculcates a prudential approach to decision making, potentially heightening the environmental risk profile of their enterprises.