Private-school background may make CEOs look less risky to investors

Private-school background may make CEOs look less risky to investors

Investors may be giving private-school CEOs the benefit of the doubt. A new study, published in European Financial Management, has found that US firms led by CEOs who attended private high schools are treated as less risky by the market, even though the researchers found no clear evidence that those executives perform better, make safer decisions, or manage crises more effectively than their peers. The study found that firms run by CEOs from pri…