This article examines managers' incentive to play it safe. We find that, after managers are
insulated by the adoption of an antitakeover law, they take value-destroying actions that …

In this study, we show that managerial heterogeneity plays an important role in firm
decisions. Our view is that in addition to the effects of previously examined determinants …

This study investigates the role narcissism in corporate leadership has on the earnings
management for a sample of 514 listed companies in Bursa Malaysia between year 2009 …

The main purpose of this paper is to investigate the relevance of board size and firm's risky
policy choices. I find that both the managerial pay to performance sensitivity (delta) and the …

We utilized text mining techniques to gauge a company's level of digital transformation and
found that the higher the degree of digitalization, the more apparent the decoupling of …

Whether equity-based compensation and equity ownership align the interests of managers
with stockholders is an important question in finance. Early studies found an inverted U …

Using the passage of the Sarbanes‐Oxley Act and the associated changes in listing
standards as a natural experiment, we find that while board independence decreases the …

We examine how financial constraints affect the relationship between firm performance and
the CEO compensation of US listed corporations during the period 1996–2018. Our results …

In this study we analyze how CEO risk incentives affect the efficiency of research and
development (R&D) investments. We examine a sample of 843 cases in which firms …

This paper conducts a systematic analysis of the effect of CEO tenure on risk-taking. We
document an overall positive relation between tenure and risk-taking. The results are …