We demonstrate that firm leaders’ personal traits formed from their early life experiences affect employees’ behavior and performance at work. In the context of securities companies in China, we show that chairpersons’ adolescent experience as “sent-down youths”(SDYs) during the...

We examine the impact of a chairperson having siblings on the corporate social responsibility (CSR) of a firm. The findings suggest that when a firm has a siblings-chairperson, the firm has a better CSR rating than a firm with a chairperson having no siblings. The conclusions are robust to a...