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We examine the effect of the risk tolerance of downstream firms (i.e., customers) on the investment inefficiency of upstream firms (i.e., suppliers). Using the pilot licensing status of the CEOs as a proxy for their inherent risk tolerance, we find that customer firms led by pilot CEOs are...
Persistent link: https://www.econbiz.de/10012821055
We utilize the IBM Watson Personality Insights service to analyze CEOs' verbal communication during conference calls to infer CEOs' Big Five personality traits, which we employ to estimate their risk tolerance levels. We then explore whether the misalignment of CEO risk tolerance and governance...
Persistent link: https://www.econbiz.de/10012626780
Persistent link: https://www.econbiz.de/10013412565
Persistent link: https://www.econbiz.de/10012633419
We utilize the IBM Watson Personality Insights service to analyze CEOs' verbal communication during conference calls to infer CEOs' Big Five personality traits, which we employ to estimate their risk tolerance levels. We then explore whether the misalignment of CEO risk tolerance and governance...
Persistent link: https://www.econbiz.de/10013201059
We examine the effect of the risk tolerance of downstream firms (i.e., customers) on the investment inefficiency of upstream firms (i.e., suppliers). Using the pilot licensing status of the CEOs as a proxy for their inherent risk tolerance, we find that customer firms led by pilot CEOs are...
Persistent link: https://www.econbiz.de/10013201366
Persistent link: https://www.econbiz.de/10011705371
Persistent link: https://www.econbiz.de/10013411227