Scholarlink

<p>Downsizing is commonly perceived as a necessary strategy for firms to improve economic efficiency. However, intentional or not, it can cause great harm to employees who are laid off. Despite the prevailing negative stereotype of CEOs being purely motivated by rationality, we argue that collectivist mindset of military CEOs make different decisions in employee downsizing. Drawing on lingering identity perspective, we test this hypothesis in the context of Chinese publicly listed firms from 2006 to 2022. Our results show that military CEOs are less likely to make downsizing when their firms face external threats. Furthermore, we found that holding a military rank intensifies the strength of identity lingering as its formation, whereas a business education weakens the persistence of military identity.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Military CEOs and corporate downsizing

  • 期刊论文

  • 发表日期：

    2025年9月29日

查看全文
  • Shi Yi,
  • Jiang Xu,
  • He Gang

摘要

Downsizing is commonly perceived as a necessary strategy for firms to improve economic efficiency. However, intentional or not, it can cause great harm to employees who are laid off. Despite the prevailing negative stereotype of CEOs being purely motivated by rationality, we argue that collectivist mindset of military CEOs make different decisions in employee downsizing. Drawing on lingering identity perspective, we test this hypothesis in the context of Chinese publicly listed firms from 2006 to 2022. Our results show that military CEOs are less likely to make downsizing when their firms face external threats. Furthermore, we found that holding a military rank intensifies the strength of identity lingering as its formation, whereas a business education weakens the persistence of military identity.