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,...

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...

We investigate the impact of public environmental concern (PEC) on corporate green investments from the perspective of CEO turnover using the extreme event of PM 2.5 surge at the end of 2011 in China as a quasinatural experiment. Compared with non-heavily polluting companies, the probability of...