Brown Bag Seminar in Economics and Finance

You are welcome to join us for the “Brown Bag Seminar in Economics and Finance” presented by

Joacim Tåg from Research Institute of Industrial Economics (IFN), Stockholm

The title is: CEO Health and Corporate Governance

Date: Monday, 21 February
Time: 12:10-12:55

Room:
https://ju-se.zoom.us/j/65965469113
 

Abstract

Boards hire and fire CEOs based on imperfect information. Using comprehensive data on 28 cohorts in Sweden, we analyze the role of a potentially important attribute—CEO health—in corporate governance. Boards hire CEOs who are healthier than other high-skill professionals, in particular in mental health. After hiring, CEOs’ health develops similarly to a control group of executives. Health predicts turnover, measured at appointment and during tenure. These results are consistent with boards appointing CEOs with health robust enough to withstand the pressures of the job, correcting mismatches occurring at the time of appointment, and responding expediently to health shocks.

Have a look at the seminar program for S1 here.