This paper empirically tests the impact of CEO’s alumni relationships on the stock price crash risk during CEO turnover …. Empirical tests find that CEOs’ advantage among alumni networks will increase stock price crash risk during CEO turnover to some …. In addition, the positive effect of alumni network on stock price crash risk mainly exists in the regions where the legal …

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …