It turns out there’s some element of truth to the Despicable Me movies where the villain is transformed from being Super Bad to Super Dad after he has to father three little girls. Now new research has shown that having a daughter also impacts the way CEOs run their companies.
New research by CEIBS Finance Professors Henrik Cronqvist and Frank Yu looks at the decisions made by almost 400 American CEOs who, between them, have a total of almost 1,000 children. Previous research had shown that judges with daughters tend to vote more liberally. So too are congressmen with daughters, especially when it comes to reproductive rights issues. This is the first time, though, that the effect on the behaviour of CEOs from large corporations has been examined.
Download the paper here
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