Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/320523 
Year of Publication: 
2025
Series/Report no.: 
IZA Discussion Papers No. 17929
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
This study explores the relationship between the daily habits of S&P 500 CEOs and their financial remuneration. Using a mixed-method approach, the research analyzes time allocation across work, sleep, and exercise among 22 CEOs from leading publicly listed U.S. corporations. Regression analysis evaluates how these habits correlate with annual salaries, supported by a comparative survey of 89 non-S&P 500 CEOs. Our findings reveal a statistically significant positive association between working hours and base salary, suggesting that longer working days may contribute to financial success. Conversely, no significant links were found between salary and duration of sleep or physical exercise duration. The study highlights that while multiple factors shape executive remuneration, work ethic remains the most predictive. The article provides new empirical evidence for the influence of habitual behavior on executive performance and underscores the relevance of structured daily routines in high-level corporate roles.
Subjects: 
work-life balance
time allocation
executive compensation
CEO habits
behavioral economics
JEL: 
D91
G11
G34
M12
Document Type: 
Working Paper

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