Using Chinese data and textual analysis approach, this paper studies the effect of CEO’s personal experience, including MBA education and finance background, on managerial myopia. Empirical results show that, the MBA program can broaden the horizon of CEO and reduce managerial myopia, while...

Using empirical date from Chinese A-share listed firms, this paper studies the impact of CEO tenure on the salary policy of employees. Empirical results suggest that in the early stage of CEO tenure, the CEO tends to increase both the salary and the pay-performance sensitivity of employees to...

It is widely believed that a firm’s social network may affect its market value. Yet there is few empirical evidence supporting this assumption. This paper attempts to address this issue by using the data of Chinese listed firms together with the relevant social network information. The study...