This paper reviews the theoretical and empirical literature on executive compensation. We
start by presenting data on the level of CEO and other top executive pay over time and …

We examine the link between corporate governance, managerial incentives, and corporate
tax avoidance. Similar to other investment opportunities that involve risky expected cash …

We examine the value effect of working capital management (WCM) for a large sample of
US firms between 1982–2011. Our results indicate (i) the existence of an optimal level of …

Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment,
both level and quality, matters for bank performance. We offer robust evidence that banks …

Empirical evidence on the relations between board independence and board decisions and
firm performance is generally confounded by serious endogeneity issues. We circumvent …

Prior research argues that a manager whose wealth is more sensitive to changes in the firm׳
s stock price has a greater incentive to misreport. However, if the manager is risk-averse and …

Using 2663 Chinese A-share listed companies from 2003 to 2019, we investigate the
relationship between geopolitical risk (GPR) and firm idiosyncratic volatility through panel …

This paper investigates the effect of CFO gender on corporate financial reporting decision
making. Focusing on firms that experience changes of CFO from male to female, the paper …

Extant empirical studies have predominantly focused on the nexus between working capital
management (WCM) and corporate profitability. While there is a dearth of literature on the …

This paper addresses the impact of China's historical clan culture on corporate behavior.
Specifically, it looks at how clan culture decreases the risk-taking of Chinese enterprises …