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We examine the effect of CEO marital status on corporate cash holdings. Consistent with the agency framework, we find that firms with single CEOs hold more cash compared to otherwise similar firms with married CEOs. Our findings suggest that corporate tax avoidance and lower dividend payouts are...
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In this note, we examine the effect of CEO marital status on the riskiness of financial reporting. Using multiple proxies, we find that firms headed by a single CEO display a higher degree of earnings management than those headed by a married CEO. The effect is economically significant. Our...
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This paper presents the first empirical evidence showing that the marriage of a member of the controlling family adds … value to public corporations. The results, based on a uniquely comprehensive data set from Thailand, show that the family … firm’s stock price increases when the partner is from either a prominent business or a political family. Abnormal returns …
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This study examines the effect of marital status of CEOs on tax aggressiveness. Using various measures of tax aggressiveness such as probability of tax sheltering, the predicted unrecognized tax benefits, and the discretionary permanent book-tax differences, we show that married CEOs are less...
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