We study the information role of financing from connected individuals (e.g., family and friends) of entrepreneurs based on a crowdfunding platform and social media account login data. While financing from connected individuals is generally considered as a signal of high-quality projects, our...

We examine the implication of executive gender on asset prices. Using a large sample of US public firms during 2006--2015, we find a negative association between female CFOs and future stock price crash risk. However, the impact of female CEOs on crash risk is not statistically significant. The...

We examine the impact of compensation committee members’ (CC members’) age on CEO compensation using FTSE 350 firms for the period 2002 to 2017. Sociological theory suggests that age is a significant demographic factor influencing individuals’ behaviour. We argue that monitoring intensity...

We investigate the environmental implications of firms’ internal control over financial reporting. Our main result is that corporate environmental performance, measured using the amount of firms’ toxic production-related waste, is significantly poorer among firms with material weaknesses in...

Research into group decision-making suggests that any optimal managerial compensation incentive design should incorporate synergistic interrelationships among top executives within a firm. This paper investigates whether the equity incentive structure of a management team affects firm-level...

We investigate whether generalist chief executive officers (CEOs) who gain transferable skills across firms and industries have less incentive to hoard bad news. To address endogeneity concerns stemming from firm-CEO matching, we deploy a difference-in-differences method utilizing exogenous CEO...

This paper examines whether the relative power in the CEO–CFO relationship influences the corporate debt maturity structure. In particular, we define CFO co-option as the CFO appointed after the incumbent CEO assumed office. We hypothesize that firms with co-opted CFOs face greater pressure...

We examine whether the equity incentive heterogeneity of the executive team engenders a positive externality by curtailing stock price crash risk. Supporting this prediction, we find a negative relation between the equity incentive heterogeneity of the executive team and stock price crash risk....

Purpose This study aims to investigate the effects of environmental risk perception on the evaluation of socioeconomic development and subjective well-being in China. Design/methodology/approach A questionnaire survey was conducted, and data were collected from 408 participants of four major...