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

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

Publikation: KonferencebidragPaperForskningpeer review

Resumé

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

Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

Citer dette

Amore, M. D., Bennedsen, M., Larsen, B., & Rosenbaum, P. (2017). Educated for Efficiency: Do Better-educated Managers Produce More for Less Energy?. Afhandling præsenteret på The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) , Lissabon, Portugal.
Amore, Mario Daniele ; Bennedsen, Morten ; Larsen, Birthe ; Rosenbaum, Philip. / Educated for Efficiency : Do Better-educated Managers Produce More for Less Energy?. Afhandling præsenteret på The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) , Lissabon, Portugal.37 s.
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Amore, MD, Bennedsen, M, Larsen, B & Rosenbaum, P 2017, 'Educated for Efficiency: Do Better-educated Managers Produce More for Less Energy?' Paper fremlagt ved The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) , Lissabon, Portugal, 21/08/2017 - 25/08/2017, .

Educated for Efficiency : Do Better-educated Managers Produce More for Less Energy? / Amore, Mario Daniele; Bennedsen, Morten; Larsen, Birthe; Rosenbaum, Philip.

2017. Afhandling præsenteret på The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) , Lissabon, Portugal.

Publikation: KonferencebidragPaperForskningpeer review

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T1 - Educated for Efficiency

T2 - Do Better-educated Managers Produce More for Less Energy?

AU - Amore, Mario Daniele

AU - Bennedsen, Morten

AU - Larsen, Birthe

AU - Rosenbaum, Philip

N1 - CBS Library does not have access to the material

PY - 2017

Y1 - 2017

N2 - 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.

AB - 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.

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