Neighborhood CEOs

Mario Daniele Amore, Morten Bennedsen, Birthe Larsen

Research output: Working paperResearch

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Abstract

The working environment is a key driver of firms’ success. Using unique survey and register data from Denmark, we show that firms led by neighborhood CEOs –defined by physical distance and personal values - exhibit better workplace condi-tions as perceived both by a regulatory authority and firms’ own employees. The e˙ect is stronger when the CEO’s and employees’ children attend the same school, pointing to social interactions as a channel for the result. Finally, we show that CEOs who emphasize neighborhood engagement adopt a management style tilted toward employees’ welfare.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherCopenhagen Business School [wp]
Number of pages45
Publication statusPublished - 2022
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number10-2022

Keywords

  • CEO
  • Geographic proximity
  • Neighborhood values
  • Working environment
  • Management styles

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