2018

Are CEOs Born Leaders? Lessons from Traits of a Million Individuals

Reprint No. 2018:64

Author(s): Renée Adams, Matti Keloharju and Samuli KnüpferYear: 2018 Title: Journal of Financial Economics Volume (No.): 130 (2) Pages: 392–408
Online article (restrictions may apply)
Preliminary version


What makes a successful CEO? We combine a near-exhaustive sample of male CEOs from Swedish companies with data on their cognitive and noncognitive ability and height at age 18. CEOs differ from other high-skill professions most in noncognitive ability. The median large-company CEO belongs to the top 5% of the population in the combination of the three traits. The traits have a monotonic and close to linear relation with CEO pay, but their correlations with pay, firm size, and CEO fixed effects in firm policies are relatively low. Traits appear necessary but not sufficient for making it to the top.


Reference:
Adams, Renée, Matti Keloharju and Samuli Knüpfer (2018), "Are CEOs Born Leaders? Lessons from Traits of a Million Individuals". Journal of Financial Economics 130(2), 392–408.

Integrating Immigrants into the Nordic Labour Markets

An Overall Perspective

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Denmark, Finland, Norway and Sweden face similar problems of integrating large groups of immigrants, especially low-educated ones from outside the EU, into their labour markets. In this volume, edited by Lars Calmfors, IFN, and Nora Sánchez Gassen in cooperation with researchers from across the Nordic Region analyse how labour market integration of immigrants can be promoted. 

About the book

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To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

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