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By matching a CEO's place of residence in his or her formative years with U.S. Census survey data, I obtain an estimate of the CEO's family wealth and study the link between the CEO's endowed social status and firm performance. I find that, on average, CEOs born into poor families

By matching a CEO's place of residence in his or her formative years with U.S. Census survey data, I obtain an estimate of the CEO's family wealth and study the link between the CEO's endowed social status and firm performance. I find that, on average, CEOs born into poor families outperform those born into wealthy families, as measured by a variety of proxies for firm performance. There is no evidence of higher risk-taking by the CEOs from low social status backgrounds. Further, CEOs from less privileged families perform better in firms with high R&D spending but they underperform CEOs from wealthy families when firms operate in a more uncertain environment. Taken together, my results show that endowed family wealth of a CEO is useful in identifying his or her managerial ability.
ContributorsDu, Fangfang (Author) / Babenko, Ilona (Thesis advisor) / Bates, Thomas (Thesis advisor) / Tserlukevich, Yuri (Committee member) / Wang, Jessie (Committee member) / Arizona State University (Publisher)
Created2018
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Chief Executive Officers (CEOs) whose observed personal option-holding patterns are not consistent with theoretical predictions are variously described as overconfident or optimistic. Existing literature demonstrates that the investment and financing decisions of such CEOs differ from those of CEOs who do not exhibit such behavior and interprets the investment and

Chief Executive Officers (CEOs) whose observed personal option-holding patterns are not consistent with theoretical predictions are variously described as overconfident or optimistic. Existing literature demonstrates that the investment and financing decisions of such CEOs differ from those of CEOs who do not exhibit such behavior and interprets the investment and financing decisions by overconfident or optimistic CEOs as inferior. This paper argues that it may be rational to exhibit behavior interpreted as optimistic and that the determinants of a CEO’s perceived optimism are important. Further, this paper shows that CEOs whose apparent optimism results from above average industry-adjusted CEO performance in prior years make investment and financing decisions which are actually similar, and sometimes superior to, those of unbiased CEOs.
ContributorsWalton, Richard (Author) / Bates, Thomas (Thesis advisor) / Lindsey, Laura (Committee member) / Babenko, Ilona (Committee member) / Arizona State University (Publisher)
Created2016
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The purpose of this study was to determine whether athletes were impacted by wearing a mask and playing competitively, by measuring their mental skills (confidence, anxiety, and focus) levels. This study surveyed 7 high school students who played sports in the year 2020-2021. They were surveyed using the “state sport

The purpose of this study was to determine whether athletes were impacted by wearing a mask and playing competitively, by measuring their mental skills (confidence, anxiety, and focus) levels. This study surveyed 7 high school students who played sports in the year 2020-2021. They were surveyed using the “state sport confidence inventory”, “sport competition anxiety test”, and a created focus survey (Appendix D). The participants were asked a series of questions reflecting back on before wearing a mask and questions pertaining to how they feel about wearing a mask in sports. The survey asked the participants specifically about their mental skills. These mental skills are important factors in optimal performance of an athlete, athletes should have high confidence, low anxiety, and high focus levels (Lautenbach et al., 2016). The results showed that athletes had high confidence, low anxiety, and high focus; athletes were more worried about getting the proper amount of oxygen and fixing their mask. This suggests that the athletes who participated in the survey were mentally tough (Bédard Thom et al., 2021) and resilient (Sarkar & Fletcher, 2014).

ContributorsBegay, Tanisha (Author) / Hoffner, Kristin (Thesis director) / Marsit, Joseph (Committee member) / Barrett, The Honors College (Contributor) / College of Health Solutions (Contributor)
Created2021-12