Back to Search
Start Over
Heavy is the Crown: CEOs' Social Interactions and Layoff Decisions
- Publication Year :
- 2023
- Publisher :
- HAL CCSD, 2023.
-
Abstract
- We develop a theory of non-monetary costs incurred by CEOs when deciding about layoffs and test its predictions on French data. Our results support the idea that, being strongly embedded in their social environment, CEOs find it more difficult to fire employees closer to their own workplace. This effect is stronger whenever social interactions are less anonymous in the CEOs' local environment. It is weaker when CEOs live further away from where they work, because of limited exposure to local discontent.
- Subjects :
- CEO
DT LEDa-LEGOS
R - Urban, Rural, Regional, Real Estate, and Transportation Economics::R1 - General Regional Economics::R12 - Size and Spatial Distributions of Regional Economic Activity
Layoffs
JEL: R - Urban, Rural, Regional, Real Estate, and Transportation Economics/R.R1 - General Regional Economics/R.R1.R12 - Size and Spatial Distributions of Regional Economic Activity
[QFIN]Quantitative Finance [q-fin]
Social embeddedness
JEL: M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M5 - Personnel Economics/M.M5.M51 - Firm Employment Decisions • Promotions
JEL: J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J63 - Turnover • Vacancies • Layoffs
JEL: M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M1 - Business Administration/M.M1.M12 - Personnel Management • Executives
Executive Compensation
Non-monetary costs
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.od......2191..310f94ed4cd82b7ca60d0ff721c4a937