This study examines the stock price response to the 2013 regulation (Document 18) in China which requires independent directors with political connections to resign from the board of directors of publicly listed firms. We document a significant positive price response in the window surrounding...

We construct preferences towards risk and uncertainty as reflected in the cultural heritage of CEOs managing public firms in the U.S. We demonstrate that auditors take into account cultural traits of CEOs in the pricing of their audit services. We also show CEO cultural heritage is associated...

We aim to examine the relation between CEO’s early-life experience of disasters and corporate environmental performance. We hypothesize that CEO’s early-life exposure to the adversity of natural disasters acts as a catalyst for a change in CEO’s awareness and cognitions that accompanies a...

This study investigates whether the ability of top management teams (TMTs) influences efficient just-in-time (JIT) inventory management. Using a sample of U.S. listed firms spanning the period 1987 to 2018, our analyses, via mediation and moderation tests, show that more able TMTs enhance firm...

We find that managers of firms with greater labor mobility (LM) face higher personal evaluation risk (i.e., higher likelihood of performance-driven forced turnover), especially among firms with more transparent performance disclosures. Moreover, managers of high-LM firms tend to adopt...