What do Indian CEOs do? Time Use of Indian Top Executives: Determinants and Implications for Growth
31 March, 2012
- IGC Research on India
This project presents evidence on the labour supply of CEOs, and on whether family and professional CEOs differ on this dimension. It does so through a new survey instrument that allows it to codify CEOs’ diaries in a detailed and comparable fashion, and to build a bottom-up measure of CEO labour supply. The comparison of 1,114 family and professional CEOs reveals that family CEOs work 9% fewer hours relative to professional CEOs. Hours worked are positively correlated with firm performance, and differences between family and non-family CEOs account for approximately 18% of the performance gap between family and non-family firms. The evidence suggests that family CEOs value – or can pursue – leisure activities relatively more than professional CEOs.
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