hypothesis) that may explain why managers engage in corporate social responsibility (CSR). 2) We use an intuitive empirical … that managers engage in CSR to learn new relevant information from other informed stakeholders. In return, managers will … et al. 2012, 2017). The latter accounts for the extent to which stock prices reveal new information to managers that will …

This paper investigates how conservative managers make corporate decisions. Motivated by psychology research, we use …

still benefits from the increase in the merged firm's total value. Moreover, given that the managers are compensated … according to an identical linear incentive scheme, the optimal shareholder policy always entails a corner solution. Managers …

We study the decisions and performance of managers who are also chair of the board (duality managers). We hypothesize … that duality managers take more risky decisions and deliver worse performance than non-duality managers due to reduced … hypotheses: Duality managers take risk that they could easily avoid, deviate from their benchmarks, make extreme decisions, and …