En el presente trabajo estudiamos la influencia sobre la performance de las empresas cotizadas españolas entre 2007 y 2009 del número de consejos de administración a que pertenecen sus consejeros independientes. Nuestros resultados ponen de manifiesto una relación no lineal como consecuencia...

The aim of this paper is to study the influence of CEOs' overconfidence on corporate R&D. We analyze a sample of 766 firms from the UK, France, Germany, Switzerland, Italy, Spain and the Netherlands between 2008 and 2013. We use three measures of managerial overconfidence: the press coverage of...

Although the role of institutional investors as shareholders has been widely studied, the literature provides little evidence on the role of institutional investors as directors. Therefore, this article analyzes the influence of directors who represent institutional investors in three aspects of...

We show the effect of CEOs' characteristics on corporate risk-taking of a hand-collected sample of 369 Latin American listed firms from Argentina, Brazil, Chile, Colombia, Mexico, and Peru for the period 2005-2020. We study six traits: CEOs’ age, tenure, gender, duality (i.e., holding...

Purpose: This paper studies the impact of CEOs’ personality and social connections on corporate risk-taking in the Russian market. Design/methodology/approach: Using a sample of 93 large listed Russian corporations between 2008 and 2016, we test a range of personal traits, including the...