between different CEO compensation components and firms' investment policy and firm risk. Specifically, the proportion of CEO … incentive for CEO to take risk on R&D investment and firm focus …

We examine how a firm's operational slack is associated with current income and future stock price crash risk. By doing … Slack, which is based on excess working capital, is associated with higher current profits and higher future crash risk …, general, and administrative expenses, is associated with lower current income and lower future crash risk. This evidence is …

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …

Using textual analysis and comparing cybersecurity-risk disclosures of firms that were hacked to others that were not …, we propose a novel firm-level measure of cybersecurity risk for all US-listed firms. We then examine whether … cybersecurity risk is priced in the cross-section of stock returns. Portfolios of firms with high exposure to cybersecurity risk …

We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in … corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays … intuitive relations with quantitative measures of cybersecurity risk disclosure language, exhibits a positive trend over time …

, anecdotal and empirical evidence suggests that highly-incented managers may take on excessive risk, leading to greater losses … compensation (“vega”), presumed to increase managers' appetite for risk, uniformly yield higher returns on R&D investment. Our …, while other theoretical research argues that high levels of option-based compensation may actually lead to greater risk …

market participants use to isolate managers' idiosyncratic performance-chosen by boards to evaluate managers. Among firms …

be largely explained by the excessive exposure of low-incentive-pay firms to idiosyncratic risk. Finally, evidence from …

for personal characteristics, firm determinants of social capital, and direct relationships between IPO firm managers and … personal benefits, which leads to increased risk of IPOs …