Fatherhood and Managerial Style: How a Male CEO's Children Affect the Wages of His Employees

• 成果类型: Article
• 署名作者: Dahl, Michael S.; Dezso, Cristian L.; Ross, David Gaddis
• 署名单位: Aalborg University; University System of Maryland; University of Maryland College Park; Columbia University
• 刊物名称: ADMINISTRATIVE SCIENCE QUARTERLY
• ISSN/ISSBN: 0001-8392
• DOI: 10.1177/0001839212466521
• 发表日期: 2012
• 页码: 669-693
• 关键词: social preferences; UPPER ECHELONS; GENDER; women; men; top; overconfidence; socialization; acquisitions; daughters

摘要

Motivated by a growing literature in the social sciences suggesting that the transition to fatherhood has a profound effect on men's values, we study how the wages of employees change after a male chief executive officer (CEO) has children, using comprehensive panel data on the employees, CEOs, and families of CEOs in all but the smallest Danish firms between 1996 and 2006. We find that (a) a male CEO generally pays his employees less generously after fathering a child, (b) the birth of a daughter has a less negative influence on wages than does the birth of a son and has a positive influence if the daughter is the CEO's first, and (c) the wages of female employees are less adversely affected than are those of male employees and positively affected by the CEO's first child of either gender. We also find that male CEOs pay themselves more after fathering a child, especially after fathering a son. These results are consistent with a desire by the CEO to husband more resources for his family after fathering a child and the psychological priming of the CEO's generosity after the birth of his first daughter and specifically toward women after the birth of his first child of either gender.