Motivated by the understudied role of CEO psychological characteristics in corporate risk-taking, our study investigates whether CEO hometown identity mitigates or encourages firms' risk-taking. Results from a sample of listed Chinese firms between 2008 and 2020 reveal that CEO hometown identity...

Motivated by the understudied role of CEO hometown identity in the credit market, our study examines whether CEO hometown identity lowers or raises firms’ default risk. Our results based on listed Chinese firms from 2008 to 2020 show that CEO hometown identity significantly curbs default risk;...

Motivated by the understudied issue of how managerial psychological characteristics influence corporate risk taking, our study examines whether CEOs’ hometown identity curbs or promotes firms’ risk taking. The results based on a sample of listed Chinese firms from 2008 to 2019 show that...

Motivated by the understudied issue of how managers’ psychological characteristics influence corporate risk-taking, our study examines whether a CEO’s hometown identity curbs or promotes firms’ risk-taking. Results based on listed Chinese firms from 2008 to 2020 show that a CEO’s...

The literature on the relationship between green credit and corporations’ financing strategy focuses largely on standalone firms. Our study extends this literature by examining business groups, focusing on whether and how business groups respond to green credit by proactively adjusting their...

Challenging the homo economicus assumption underlying the traditional agency theory, our study explores the impact of CEO hometown identity on corporate misconduct from the perspective of social identity theory. The results based on a sample of listed Chinese firms from 2008 to 2020 show that...

Our study examines whether CEOs’ hometown identity curbs or facilitates a specific type of agency cost. The results based on a sample of listed Chinese firms from 2008 to 2019 show that CEOs’ hometown identity significantly lowers the consumption of excess perks. Further analyses reveal that...

Our study examines whether CEOs working in their birthplaces curb stock price crash risk when compared to firms with nonlocal CEOs using a sample of Chinese listed firms during the period 2007-2019. Our results show that local CEOs significantly lower firms’ stock price crash risk, and the...