This paper analyzes the relation between corporate risk-taking and firm performance for a sample of 791 firms from 21 OECD countries over the period 2001–2013. Following a critical realist paradigm, we use prospect theory to posit that corporate risk-taking depends on the gap between target...

This paper analyzes the relationship between ownership structure (shareholders' stake and identity) and corporate risk taking for a sample of companies from 21 OECD countries for the period 2000-2008. Our main contribution is considering simultaneously the effect of growth opportunities and the...

Purpose: This paper studies the impact of CEOs’ personality and social connections on corporate risk-taking in the Russian market. Design/methodology/approach: Using a sample of 93 large listed Russian corporations between 2008 and 2016, we test a range of personal traits, including the...