WSJ: Dr. Cronqvist Co-Authors Study on CEOs with Daughters

December 05, 2017

Finance chair and professor Dr. Henrik Cronqvist was featured in an article on Monday, December 4, 2017, in the Wall Street Journal. 

The article focused on a recently published research study that Dr. Cronqvist co-authored with Frank Yu, associate professor of finance at China Europe International Business School in Shanghai. This study is published in the December issue of the Journal of Financial Economics.

The results of this study suggest that when a CEO has a daughter, “the company’s corporate-social-responsibility rating is about 9.1% higher than that of a median firm. The study analyzed familial information of 416 CEOs from S&P 500 companies.” 

Dr. Cronqvist explained that the study goes beyond an existing correlation. When a CEO with a daughter joins a company, the company becomes more socially responsible, as opposed to when a CEO without a daughter joins, and the reverse effect occurs.

Having a daughter isn’t the only factor shaping how CEOs think or act, but “it’s an important factor,” he says.

The full article featured in the Wall Street Journal can be found at: https://www.wsj.com/articles/ceos-decisions-may-be-shaped-by-whether-they-have-daughters-1512357180

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