We investigate the role of managerial ability in the relationship between corporate social responsibility (CSR) and firm performance in the energy industry, where sustainability issues are of special interest. We first identify a positive association between CSR and firm value, which, however,...

Research Questions/Issue: This study investigates the relationship between equity-based CEO risk-taking incentives and information asymmetry as indicated by stock price delay.Research Findings/Insights: Based on a panel of firms listed in the United States from 1990 to 2018, this study reveals...

In this study, we explore the effect of managerial ability toward corporate social responsibility (CSR) on enterprise default risk. We observe a negative correlation between CSR and enterprise default risk. Furthermore, we introduce managerial ability and analyze its effects on the default risk...

We examine the implications of CEO gender for corporate debt structure. After controlling for endogeneity, firms with female CEOs issue less debt than firms with male CEOs. Although both risk aversion and overconfidence may serve as the channel of our main finding, we show that female CEOs being...