Demographics/Job Characteristics of Top Managers, Corporate Risk and Organizational Outcomes

• Published in: Contabilidad y negocios Vol. 13; no. 25; pp. 94 - 108
• Main Authors: Donadio Costa, Gabriel, Silva da Rosa, Fabricia, Lunkes, Rogério João
• Format: Journal Article
• Language: English
• Published: Lima Fondo Editorial PUCP 01-01-2018; Pontificia Universidad Católica del Perú
• Subjects: Age; Behavior; características; características demográficas; Chief executive officers; Cognitive style; Decision making; Demographics; Education; Gender; gestores de alto; gestores de topo; Hypotheses; Informal education; Insolvency; R&D; Research & development; Research & development expenditures; Return on assets; riesgo; risco; risk; Risk aversion; Stockholders; Studies; Tenure; Teoria dos escalões superiores; Teoría de los niveles superiores; top managers; Upper echelons theory; China
• ISSN: 1992-1896; 2221-724X; 2221-724X
• DOI: 10.18800/contabilidad.201801.007

This study aims to analyze the relationship between demographics and job characteristics of top managers and their tolerance or aversion to corporate risk. From the Amadeus - Bureau van Dijk database were collected data about the gender, age, educational background, job duality and job tenure of 1,045 top managers. The results suggest that executives (CEOs and non-CEOs) with formal education in the areas of management and law, as well as the tenure in the organization, are negatively related to risk-propensity behaviors. On the other hand, the age and female gender of top managers are characteristics that are positively related to risk propensity.