Post by arfangj5 on Mar 13, 2024 1:06:48 GMT -5
They found that founder CEOs and next generation CEOs of family owned firms logged percent and . percent fewer hours than professional CEOs respectively. Further analysis showed that a percent increase in weekly hours worked by the CEO was associated with a . percent increase in firm productivity annually and a . percent increase in sales growth over a five year window. And while the study considered the possibility that some CEOs might work more efficiently than others we didn t find any evidence that family.
CEOs were planning their time more effectively to maximize their Bank Email List time in the office Sadun says. The Monsoon And Cricket Effect The researchers also took care to look for outside events that might affect the CEO s cost of exerting work effort within the survey week testing whether family CEOs were especially responsive to these exogenous shocks. They focused on two potential shocks bad weather and big sporting events. We were lucky Sadun says. We happened to collect the data during monsoon season. At the same time during the study period India hosted the Indian Premier League. It s an important event in the game of cricket. Superstars from all over the world come to play in this tournament.
To gauge the effect of monsoons the researchers looked at a sample week in which CEOs in the study family CEOs and professional CEOs experienced at least one day of extreme rain and one day of light rain. What happens in India especially in urban areas is that when the monsoons hit water fills the streets leading to a lot of congestion Sadun explains. Traffic becomes a nightmare. It s like dealing with the worst snowstorm in Boston. week family CEOs reduced their working hours by an average of . percent on days with extreme rain. Meanwhile professional CEOs showed a positive but not significant.
CEOs were planning their time more effectively to maximize their Bank Email List time in the office Sadun says. The Monsoon And Cricket Effect The researchers also took care to look for outside events that might affect the CEO s cost of exerting work effort within the survey week testing whether family CEOs were especially responsive to these exogenous shocks. They focused on two potential shocks bad weather and big sporting events. We were lucky Sadun says. We happened to collect the data during monsoon season. At the same time during the study period India hosted the Indian Premier League. It s an important event in the game of cricket. Superstars from all over the world come to play in this tournament.
To gauge the effect of monsoons the researchers looked at a sample week in which CEOs in the study family CEOs and professional CEOs experienced at least one day of extreme rain and one day of light rain. What happens in India especially in urban areas is that when the monsoons hit water fills the streets leading to a lot of congestion Sadun explains. Traffic becomes a nightmare. It s like dealing with the worst snowstorm in Boston. week family CEOs reduced their working hours by an average of . percent on days with extreme rain. Meanwhile professional CEOs showed a positive but not significant.
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