"frugality") and prior legal infractions, is related to financial reporting risk. We predict and find that CEOs and CFOs with a … the propensity to perpetrate fraud. However, as predicted, we find that unfrugal CEOs oversee a relatively loose control …. frugal) CEOs' reign, including the appointment of an unfrugal CFO, an increase in executives' equity-based incentives to …

We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When … managers are not mobile across firms, firms provide efficient compensation, which allows for learning about managerial talent … and for insurance of low-quality managers. When instead managers can move across firms, firms cannot offer co …

Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and …

team in terms of ability, contribution, or power -- and the value and behavior of public firms. Our proxy for CEO …

-function, high-level meetings, while managers focus on one-to-one meetings with core functions. Firms with leader CEOs are on average …We measure the behavior of 1,114 CEOs in six countries parsing granular CEO diary data through an unsupervised machine … learning algorithm. The algorithm uncovers two distinct behavioral types: “leaders” and “managers”. Leaders focus on multi …