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Founder Ceo Leadership And Financial Resilience In U.S. Critical Infrastructure Firms: Evidence On Solvency, Stability And Bankruptcy Risk, Md Asif Ul Alam, Md Maruf Ul Alam, Toufiq Nazrul
Founder Ceo Leadership And Financial Resilience In U.S. Critical Infrastructure Firms: Evidence On Solvency, Stability And Bankruptcy Risk, Md Asif Ul Alam, Md Maruf Ul Alam, Toufiq Nazrul
Business Administration
This study investigates the role of founder CEO leadership in enhancing corporate financial resilience and its broader implications for economic stability in the United States, focusing on utility firms as a critical component of national infrastructure. The financial health of these firms is closely tied to the reliability of essential services, infrastructure continuity, and U.S. economic security, as emphasized by the U.S. Department of Energy and the Federal Energy Regulatory Commission. Drawing on agency theory, stewardship theory, and founder imprinting theory, the study argues that founder CEOs, due to their long-term orientation, concentrated ownership, and strong organizational commitment, are more …