Using comprehensive data on 28 cohorts in Sweden, we analyze CEO health and its determinants and outcomes. We find CEOs are in much better health than the population and on par with other high-skill professionals. These results apply in particular to mental health and to CEOs of larger companies. We explore three mechanisms that can account for CEOs’ robust health. First, we find health predicts appointment to a CEO position. Second, the CEO position has no discernible impact on the health of its holder. Third, poor health is associated with greater CEO turnover. Here, both contemporaneous health and health at the time of appointment matter. Poor CEO health also predicts poor firm outcomes. We find a statistically significant association between mental health and corporate performance for smaller-firm CEOs, for whom a one standard deviation deterioration in mental health translates into a performance reduction of 6% relative to the mean.

我们使用瑞典 28 个队列的综合数据，分析了 CEO 的健康状况及其决定因素和结果。我们发现 CEO 的健康状况比普通人好得多，并且与其他高技能专业人士持平。这些结果尤其适用于心理健康和大公司的首席执行官。我们探讨了可以解释 CEO 健康状况的三种机制。首先，我们发现健康预示着 CEO 职位的任命。其次，CEO 职位对其持有人的健康没有明显影响。第三，健康状况不佳与 CEO 更替率较高有关。在这里，同时期的健康状况和预约时的健康状况都很重要。CEO 健康状况不佳也预示着公司业绩不佳。我们发现小公司 CEO 的心理健康与企业绩效之间存在统计学上的显着关联，