Time/时间：2021年12月17日（周五）10:00-11:30
Venue/地点：Room 501, Jiageng Building 2/嘉庚二号楼501教室
Topic/题目：Does CEO Early-Life Disasters Experiences Matter for Corporate Innovation Success?
Speaker/报告人：吴致霆助理教授
Abstract/摘要：We use hand-collected data to examine the relationship between the chief executive officers' (CEOs) early-life disasters experiences and innovation success. We show that firms led by CEOs who witness disasters achieve better innovation outcomes because disasters make CEOs risk-seeking and more failure-tolerant to invest more in R\&D. Offering risk-incentive compensations to CEOs can enhance this effect. By distinguishing innovation effectiveness from R\&D input, our research further suggests that firms led by disaster CEOs have higher efficiency in innovation due to post-traumatic growth. Our study confirms that the association of CEOs' early-life disaster experiences on corporate innovation success is non-monotonic.
About the Speaker/报告人简介：吴致霆，博士毕业于圣安德鲁斯大学，现任厦门大学财务管理与会计研究院财务学助理教授。其研究方向包括资产定价，公司金融与宏观金融。研究成果在计量经济学会中国会议，亚太会议，欧洲冬季会议，欧洲夏季会议和非洲会议等知名国际学术会议中报告。