Nav: Home

Social peers' death may impact CEO decisions

April 08, 2016

CEOs alter their strategic decision making after experiencing the death of a social peer, new research suggests.

Investigators found that CEOs of large, public US firms pursued fewer acquisitions, especially large acquisitions, in the period after an independent director of their firm had died. The analysis included acquisitions following 296 cases of independent directors' deaths between 2002 and 2012.

"One possible explanation for this pattern is that CEOs who experience the death of a social peer become more aware of their own mortality. In turn, these CEOs might reevaluate their life priorities to place less emphasis on achieving external goals, such as acquisitions, that would otherwise bring them increased compensation and social status," said Dr. Wei Shi, lead author of the Strategic Management Journal article.
-end-


Wiley

Related Mortality Articles:

Highest mortality risks for poor and unemployed
Large dataset shows that income, work status and education have a clear influence on mortality in Germany.
Addressing causes of mortality in Zambia
Despite the fact that people in sub-Saharan Africa are now living longer than they did two decades ago, their average life expectancy remains below that of the rest of the world population.
Examining the link between caste and under-five mortality in India
In India, children that belong to disadvantaged castes face a much higher likelihood of not living past their fifth birthday than their counterparts in non-deprived castes.
Mortality rates rising for Gens X and Y too
Declining life expectancies in the US include Gen X and Y Americans, in addition to the older Baby Boomers.
Trust in others predicts mortality in the United States
Do you trust other people? It may prolong your life.
Breast cancer screening does not reduce mortality
Fewer and fewer women die from breast cancer in recent years but, surprisingly, the decline is just as large in the age groups that are not screened.
Cold fronts may increase stroke mortality
Study conducted in Southern Hemisphere's subtropical zone detects correlation between drop in temperature and rise in deaths from stroke, especially among women and older people.
Far 'over-the-hill' lies the plateau of human mortality
Above age 105, the rise in risk of death by age slows -- and even plateaus -- according to a new study, one that provides valuable insight into one of the most fundamental questions of human aging; Is there a fixed maximum lifespan for humans?
Associating frailty to cardiovascular disease and mortality
Frailty is common in elderly people with cardiovascular disease and goes along with elevated mortality.
Increasing tree mortality in a warming world
A mix of factors is contributing to an increasing mortality rate of trees in the moist tropics, where trees in some areas are dying at about twice the rate that they were 35 years ago.
More Mortality News and Mortality Current Events

Top Science Podcasts

We have hand picked the top science podcasts of 2019.
Now Playing: TED Radio Hour

In & Out Of Love
We think of love as a mysterious, unknowable force. Something that happens to us. But what if we could control it? This hour, TED speakers on whether we can decide to fall in — and out of — love. Guests include writer Mandy Len Catron, biological anthropologist Helen Fisher, musician Dessa, One Love CEO Katie Hood, and psychologist Guy Winch.
Now Playing: Science for the People

#543 Give a Nerd a Gift
Yup, you guessed it... it's Science for the People's annual holiday episode that helps you figure out what sciency books and gifts to get that special nerd on your list. Or maybe you're looking to build up your reading list for the holiday break and a geeky Christmas sweater to wear to an upcoming party. Returning are pop-science power-readers John Dupuis and Joanne Manaster to dish on the best science books they read this past year. And Rachelle Saunders and Bethany Brookshire squee in delight over some truly delightful science-themed non-book objects for those whose bookshelves are already full. Since...
Now Playing: Radiolab

An Announcement from Radiolab