Research from ECON quoted in Wall Street Journal

Morten Bennedsens report "Do CEOs matter?"

09/16/2007

Scholars Link Success of Firms To Lives of CEOs

The findings og a study of 75.000 Danish companies over a ten years period performed by Professor Morten Bennedsen, Department of Economics and Centre for Economic and Business Research at CBS, is discussed in an article in Wall Street Journal.

In the report Morten Bennedsen test for the impact of CEOs on performance by assessing the effect of (1) CEO deaths and (2) the death of CEOs’ immediate family members (spouse, parents, children, etc), which arguably affects CEOs’ focus. Using the dataset from Denmark, it was found that CEO (but not board members’) own and family deaths are strongly correlated with declines in firm operating profitability, investment and sales growth.

Read the article in Wall Street Journal

Download Morten Bennedsen's report: Do CEOs matter? (pdf)

The page was last edited by: Sekretariat for Ledelse og Kommunikation // 09/16/2007