We provide evidence that CEO equity incentives, especially stock options, influence stock liquidity risk via … disclosure policy. Contributing to the literature on CEO risk-taking, we document a positive association between CEO options and … future systematic stock liquidity risk. Controlling for endogeneity, we show that information disclosure quality is an …

between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … to their own firm and by reducing firm-level risk-taking. Furthermore, our results support the hypothesis that CEO risk …

We present a general-equilibrium theory of contracting in which managers are concerned about their social standing in a … expose firm value to aggregate risk, can help them catch up with executive peers' pay during industry fluctuations. Excessive … systemic risk-taking with pay for luck emerges in equilibrium. We also discuss a number of testable implications for …

to moderate risk and boost long-term corporate survival. Results suggest a strong relation between gender-diverse boards … and bondholder-aligned CEO compensation components, particularly when CEOs have greater incentives to take and shift risk …

(CEO) relative inside leverage to proxy for the incentives of risk-averse managers, we find that CEOs with higher inside …We provide evidence concerning the effect of managerial risk-taking incentives on merger and acquisition (M …

managers' tax rates — we do not find similar relations for middle-income tax rates. We also find that the tax-induced risk …. Collectively, our findings provide evidence that managers' personal income taxes influence their corporate risk-taking …We examine the relation between managers' personal income tax rates and their corporate investment decisions. Using …

CEO incentives to mitigate the risk-shifting incentives of firm managers …

The literature on managerial style posits a linear relation between a CEO's past experiences and firm risk. We show … risk-taking. CEOs who experience fatal disasters without extremely negative consequences lead firms that behave more …

The literature on managerial style posits a linear relation between a CEO's past experiences and firm risk. We show … risk-taking. CEOs who experience fatal disasters without extremely negative consequences lead firms that behave more …

market-based measures of firm risk. Using data on the S&P 1500 firms, we document that CEO and CFO age and gender have a … direct effect on market-based firm risk measures in addition to the indirect influence they may have through corporate policy … risk. Although the relationship between executive gender and firm risk is more equivocal, our results suggest that female …