2014/11/12 by Jennifer J. Kish-Gephart, Joanna Tochman Campbell · 345 citations
Business, Management and Accounting · Psychology · Social Sciences · #Class (philosophy) #Corporate Finance and Governance #Economics #Elite #Entrepreneurship Studies and Influences #Epistemology #Formative assessment #Gender Diversity and Inequality #Management #Political science #Psychology #Public relations #Social class #Social psychology #Sociology #Upper echelons
paper · doi:10.5465/amj.2013.1204
published in Academy of Management Journal 58(6), 1614-1636 (Academy of Management)
openalex publication_date 2014/11/12 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
Social class is increasingly recognized as a powerful force in people’s lives. Yet despite the long and extensive stream of research on the upper echelons of organizations, we know little about how executives’ formative childhood experiences with social class influence their strategic choices. In this study, we investigate the influence of chief executive officers’ (CEOs’) perceived social class origins on firm risk taking. We also explore the moderating influences of other important career experiences, in the form of elite education and diverse functional backgrounds. Our theory and findings highlight that an executive’s social class origins have a lasting and varying impact on his or her preferences, affecting his or her tendency to take risks. By examining this novel managerial characteristic, we offer important implications for theorizing about social class and upper echelons.