We administer psychometric tests to senior executives to obtain evidence on their underlying psychological traits and attitudes. We find US CEOs differ significantly from non-US CEOs in terms of their underlying attitudes. In addition, we find that CEOs are significantly more optimistic and...

This article, from The Oxford Handbook of Dynamic Capabilities (David J. Teece & Sohvi Leih, eds. 2016), describes the construct of “legal astuteness” and explains why it is a valuable dynamic capability. It also examines the systems approach to law and strategy, which embeds the top...

We examine shareholder monitoring in the context of executive pay–carbon performance sensitivity among U.S. firms. While corporates are under pressure to curb their greenhouse gas emissions, still little is known about the incentive structures for managers in this context. We document that a...

Empirical evidence on the relation between managers and risk is mixed, with data mostly from developed countries, and aggregated risk measures are used in the study of this relation in the existing literature. The purpose of this study is to examine how managerial ability affects idiosyncratic...