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The impact of CEO educational background on corporate risk-taking in China
Zhang, Jinyi; Xue, Chunxiao; Zhang, Jianing - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-16
This article investigates whether, and how, CEO educational background affects Chinese corporate risk-taking. Using a … sample of 4681 firm-year observations from 2012 to 2020, we find that CEO educational background is negatively associated …
Persistent link: https://www.econbiz.de/10014295554
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Competing with superstars
Ammann, Manuel; Horsch, Philipp; Oesch, David - In: Management science : journal of the Institute for … 62 (2016) 10, pp. 2842-2858
Persistent link: https://www.econbiz.de/10011591758
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The appeal of risky assets
Stolper, Anno - 2010
A fund's performance is usually compared to the performance of an index or other funds. If a fund trails the benchmark, the fund manager is often replaced. We argue that this may lead to excessive risk-taking if fund managers differ in ability and have the opportunity to take excessive risk. To...
Persistent link: https://www.econbiz.de/10008757382
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Impact of managerial commitment on risk taking with dynamic fund flows
Kaniel, Ron; Tompaidis, Stathis; Zhou, Ti - 2014
We present a model with dynamic investment flows, where fund managers have the ability to generate excess returns and study how forcing them to commit part or all of their personal wealth to the fund they manage affects fund risk taking. We contrast the behavior of a manager that may invest her...
Persistent link: https://www.econbiz.de/10011808018
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Women at the top in developing countries : evidence from firm-level data
Sekkat, Khalid; Szafarz, Ariane; Tojerow, Ilan - 2015
This paper uses worldwide firm-level data to scrutinize the governance factors that favor gender diversity in leadership positions. Our results reveal that the gender of the dominant shareholder is key. The chief executive of firms with a female dominant shareholder has a significantly higher...
Persistent link: https://www.econbiz.de/10011396743
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Competing with superstars
Ammann, Manuel; Horsch, Philipp; Oesch, David - 2015
This paper investigates the effect of superstar CEOs on their competitors. Exploiting shocks to CEO status due to …
Persistent link: https://www.econbiz.de/10011344197
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Do CEOs make their own luck? : relative versus absolute performance evaluation and firm risk
Wruck, Karen H.; Wu, Yi Lin - 2017 - Current Draft: 10/5/17
Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between firm and industry performance is lower. The opposite...
Persistent link: https://www.econbiz.de/10011968863
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The link between firm risk-taking and CEO power of listed firms on the Vietnamese stock market : the role of state ownership
Ngoc Thanh Tran; Thi Ngoc Dung Pham; Dien Duan Nguyen; … - In: Cogent business & management 11 (2024) 1, pp. 1-16
The Chief Executive Officer (CEO) is pivotal in firm governance and is tasked with policy implementation and maximizing … shareholder benefit. However, predicting CEO behaviour remains challenging, especially when considering CEO power (CEOP). Hence …. Interestingly, CEO risk aversion increases in state-owned firms’ participants, suggesting heightened supervision. Moreover, each …
Persistent link: https://www.econbiz.de/10014526511
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An econometric analysis of financial distress determinants from an emerging economy governance perspective
Sewpersadh, Navitha Singh - In: Cogent economics & finance 10 (2022) 1, pp. 1-36
opportunism" and CEO dominance. Also, long-tenured CEOs and post-graduate directors possess contextually enriched latent knowledge …
Persistent link: https://www.econbiz.de/10013463130
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The Appeal of Risky Assets
Stolper, Anno - 2010
A fund's performance is usually compared to the performance of an index or other funds. If a fund trails the benchmark, the fund manager is often replaced. We argue that this may lead to excessive risk-taking if fund managers differ in ability and have the opportunity to take excessive risk. To...
Persistent link: https://www.econbiz.de/10010427567