- Original authors / creators
- Bao Qi; Fan Hu; Chen Zhang
- Original publication
- PLOS One · Public Library of Science · 2026-04-01
- License & retained notices
- CC BY 4.0
© 2026 Qi et al
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https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Article-specific license URL: https://creativecommons.org/licenses/by/4.0/ - Edition changes
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- Evidence limits
- Adjacent research, not a directly sampled family-office study. Applicability to a family office requires separate assessment. Nonetheless, several limitations should be acknowledged. First, the binary measure of academic background used in this study (whether the CEO has worked in a university or research institution) may not capture the depth, type, or specific field of their academic engagement. Due to data availability, we are unable to distinguish, for example, between CEOs with backgrounds in science/engineering versus those in humanities/social sciences, or to identify whether the CEO holds a professional degree such as an MBA. Future research could refine this analysis by collecting more granular data to explore how different academic disciplines or professional qualifications may differentially shape corporate financial decisions. Second, as our study focuses on Chinese listed firms, cross-country comparisons would be valuable to assess the generalizability of the findings. Further research could also examine how academic imprints interact with other personal traits—such as risk tolerance, innovation orientation—to influence broader aspects of corporate behavior and long-term performance.
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