Athletes in boardrooms: Evidence from the world

Research output: Contribution to journalArticlepeer-review

Abstract / Description of output

This study examines the relation between the athletic experience of board directors and corporate outcomes. We predict that athletes’ attributes, such as physical fitness, mental resilience, leadership, and team-working skills, enhance their monitoring role. Using a large sample from 71 countries, we find that athletic experience is associated with better firm performance. The benefits are more pronounced when the experience is of team sports and confrontational sports, and for firms experiencing financial crisis. The results remain consistent when we instrument the athletic experience of directors with the number of Olympic medals won and Olympic sports participated in by the country in question at the previous Olympic Games.
Original languageEnglish
Pages (from-to)165-183
Number of pages48
JournalJournal of International Financial Markets, Institutions and Money
Early online date21 Dec 2018
Publication statusPublished - 30 Mar 2019

Keywords / Materials (for Non-textual outputs)

  • athlete
  • corporate board
  • director
  • firm performance
  • sports


Dive into the research topics of 'Athletes in boardrooms: Evidence from the world'. Together they form a unique fingerprint.

Cite this