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 …

If managers are risk-averse and compensation schemes are not directly linked to shareholder wealth, incentives to … asymmetric incentives in these two variables. Thus, if managers are risk-averse, their incentives to reduce the impact of … then show how serial correlation in shocks, the relative variance of shocks and the ability of managers to influence the …

Influenced by their compensation plans, CEOs make their own luck through decisions that affect future firm risk. After … adopting a relative performance evaluation (RPE) plan, total and idiosyncratic risk are higher, and the correlation between …) plans. Plans including accounting-based performance metrics and/or cash payouts have weaker risk-related incentives. The …

outsourcing, the more they pay to their CEOs. Outsourcing firms promote managerial risk-taking by using proportionally more equity …-based compensation. However, they also need to compensate additionally their CEOs for the higher risk exposure to the firms' increased …

. Using a sample of US non-financial firms, we show that an increase in risk-taking incentives in CEO pay is associated with a … effects on debtholders' wealth. Further, our findings are stronger for firms with a higher default risk where coordinated … negative influence of CEO risk-taking incentives on debtholder wealth thus highlighting the advantages of lower coordination …

excessive risk, (2) whether executive compensation in larger banks, especially the too-big-to-fail (TBTF) banks, induces more … severe moral hazard behavior, and (3) how the relation between bank executive compensation and risk taking changes before and … during the recent financial crisis. We find that bank risk measured by the Z-score and the volatility of stock returns …

risk-taking whereas low-ability managers refrain from risk-taking. High-ability managers cut capital expenditures but spend … addition to the effects of previously examined determinants, firm decisions are affected not just by the managers’ explicit …-ability managers and low-ability managers have opposite effects on firm behavior and firm value. High-ability managers are receptive to …

that foreign experienced managers are positively associated with corporate risk-taking and this relationship mainly exists …This study investigates the relation between managerial foreign experience and corporate risk-taking in China. We find … experience rather than educational experience. Short-term visiting experience has no impacts on corporate risk-taking. The …