Abstract
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.
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.
| Original language | English |
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| Publication date | 2017 |
| Number of pages | 37 |
| Publication status | Published - 2017 |
| Event | The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) - Lissabon, Portugal Duration: 21 Aug 2017 → 25 Aug 2017 Conference number: 32 |
Conference
| Conference | The 32nd Annual Congress of the European Economic Association (EEA) - The 70th European Meeting of the Econometric Society (ESEM) |
|---|---|
| Number | 32 |
| Country/Territory | Portugal |
| City | Lissabon |
| Period | 21/08/2017 → 25/08/2017 |
