Mínguez, Antonio; Ugedo, Juan Francisco Martín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005
This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … have been employed: the fact that a person accumulates both the CEO and the Chairman titles, the fact of CEO or Chairman … board and the chairman tenure reduces firm risk. The effect of shareholding on risk is not conclusive. In addition, the …