The personal traits of chief executive officers (CEOs) have been found to influence corporate policy decisions. We examine the impact of past professional distress experiences on payout policy. We hypothesize that CEOs experiencing a distress event in their past career, before becoming CEO,...

We show that CEOs’ social capital has a positive impact on stock price informativeness in an international sample of 69 countries. While considering characteristics not observable within one country such as legal, cultural, and developmental differences, we uncover that for more developed...

We investigate the association between CEOs’ social capital and stock price informativeness in a sample of US firms. After accounting for the fact that larger networks attract more analysts following, we find that firms with larger CEO social capital exhibit higher private information...

Does it pay to voluntarily disclose the manager's private information about the firm's earnings prospects before the mandatory announcement date? This question has been a subject of much debate because prior research establishes both benefits and costs of early information disclosure. We provide...