Executive Summary
Does cultural background affect a leader’s decision making? A study supports the idea that the culture of a CEO’s ancestors influences his or her decision-making, firm policy choices, and ultimately the firm’s performance. Researchers studied 610 U.S. bank CEOs who were born in the U.S., and who fell into three groups: those whose parents were immigrants to the U.S., those whose grandparents were immigrants to the U.S., and those whose parents and grandparents were born in the U.S. (our control group). Analyzing what happened to banks after an…
