Description/Abstract

This study found that firms run by CEOs who have served in the military have lower investment and Research and Development (R&D) expenditures. In practice, firms and organizations should consider hiring chief executive officers (CEOs) with military experience if they are looking for “change agents” who will create an ethical, effective, and team-oriented organizational culture. In policy, the Department of Defense (DoD), Department of Labor (DoL), and the Department of Veterans Affairs (VA) might partner to ensure that material on business leadership, human resource management in the civilian sector, and business ethics are integrated into program offerings, including TAP. Suggestions for future study include examining the relationship between military CEO leadership and various firm performance metrics, as well as measuring the effects of military CEO leadership on a wide range of firms in different markets.

Original Citation

Benmelech, E., & Frydman, C. (2015). Military CEOs. Journal of Financial Economics, 117(1), 43-59. https://doi.org/10.1016/j.jfineco.2014.04.009

Document Type

Brief

Disciplines

Business Administration, Management, and Operations | Military and Veterans Studies | Social and Behavioral Sciences

Extent

2 pages

DCMI Type

Text

Keywords

CEOs, Fraud, Military, Ethics, Corporate governance

Subject

Veterans; Chief executive officers; Corporate governance

Portfolio

Government and Community Services

Geographic Area

United States

Publisher

Institute for Veterans and Military Families at Syracuse University

Date

6-19-2016

Language

English

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

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