Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/271254 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
QMS Research Paper No. 2021/09
Verlag: 
Queen's University Belfast, Queen's Management School, Belfast
Zusammenfassung: 
This study examines whether marriage, as a social construct and cultural norm, can affect firm-level stock price crash risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after controlling for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among firms with weaker corporate governance and those run by less prominent, higher-delta, and lower paid CEOs.
Schlagwörter: 
Marriage
CEO
crash risk
bad news hoarding
corporate governance
compensation
JEL: 
G12
G30
M52
M12
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
631.75 kB





Publikationen in EconStor sind urheberrechtlich geschützt.