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dc.contributor.authorLe, Hang
dc.contributor.authorIshrar Kibria
dc.contributor.authorKun Jiang
dc.date.accessioned2023-12-19T00:54:40Z
dc.date.available2023-12-19T00:54:40Z
dc.date.issued2023
dc.identifier.urihttps://thuvienso.hoasen.edu.vn/handle/123456789/14649
dc.description.abstractUsing a behavioural approach, we investigate how Chief Executive Officer optimism, defined as a personality trait where a person has optimistic beliefs about the outcome of future events, influences corporate employment decisions. Using data of publicly traded firms in the U.S. from 1995 to 2017, we show that firms with optimistic CEOs have higher employment growth and exhibit less pronounced employment sensitivity to declining sales than firms with non-optimistic CEOs do. We also find that the impact of optimistic CEOs on employment decisions is larger in finan cially constrained firms. We deal with potential endogeneity issues with the entropy balancing method, propensity score matching and two-stage least squares regression. Our find ings have important implications for the design and imple mentation of Human Resource Management policievi
dc.language.isoenvi
dc.publisherJohn Wiley & Sons Ltdvi
dc.relation.ispartofseriesHuman Resource Management Journal 2023;33:748–762.
dc.subjectCEO optimismvi
dc.subjectemployment decisionsvi
dc.subjectfinancial constraintsvi
dc.subjectsales growthvi
dc.titleIs Chief Executive Officer optimistic belief bad for workers? Evidence from corporate employment decisionsvi
dc.typeArticlevi


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