We examine whether improved governance helps to channel firms with powerful CEOs towards more value enhancing investment policies. We use the Sarbanes-Oxley Act and NYSE/NASDAQ listing rules as a quasi-exogenous shock and focus on firms that were required to improve governance. We find that,...

Do firms tailor compensation contracts to fit CEOs' individual behavioral traits, and if so, how? We explore this by focusing on CEOs' early life exposure to 'extreme fatality' disasters. Prior literature shows that this can drive agency conflicts of risk aversion. We hypothesize and show that...