Educated for Efficiency: Do Better-educated Managers Produce More for Less Energy?

Mario Daniele Amore, Morten Bennedsen, Birthe Larsen, Philip Rosenbaum

Publikation: KonferencebidragPaperForskningpeer review

Abstrakt

We study the effect of CEO education on a firm’s energy efficiency. Using a unique dataset of Danish firms, we document that firms led by more educated CEOs exhibit greater energy efficiency. We establish causality by employing exogenous CEO hospitalization episodes: the hospitalization of highly-educated CEOs induces a drop in a firm’s energy efficiency, whereas the hospitalization of low-education CEOs does not have any significant effect.
Disentangling the effect of educational length from that of the field of study, we find that the greater energy efficiency is mostly driven by the cumulated years of CEO education rather than by having obtained business or technical-related degrees.
OriginalsprogEngelsk
Publikationsdato2017
Antal sider37
StatusUdgivet - 2017
BegivenhedThe 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) - Lissabon, Portugal
Varighed: 21 aug. 201725 aug. 2017
Konferencens nummer: 32

Konference

KonferenceThe 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM)
Nummer32
LandPortugal
ByLissabon
Periode21/08/201725/08/2017

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Citationsformater

Amore, M. D., Bennedsen, M., Larsen, B., & Rosenbaum, P. (2017). Educated for Efficiency: Do Better-educated Managers Produce More for Less Energy?. Paper præsenteret på The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) , Lissabon, Portugal.