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Cited by 473

The DOI matches its Crossref record; 42 of the 42 references it cites were found in a registry or an index.

CEO Personal Risk-Taking and Corporate Policies

Open access
Cain, Matthew D., McKeon, Stephen B.·2016·Journal of Financial and Quantitative Analysis
DOI 10.1017/s0022109016000041
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Abstract

This study analyzes the relation between chief executive officer (CEO) personal risk-taking, corporate risk-taking, and total firm risk. We find evidence that CEOs who possess private pilot licenses (our proxy for personal risk-taking) are associated with riskier firms. Firms led by pilot CEOs have higher equity return volatility, beyond the amount explained by compensation components that financially reward risk-taking. We trace the source of the elevated firm risk to specific corporate policies, including leverage and acquisition activity. Our results suggest that nonpecuniary risk preferences revealed outside the scope of the firm have implications for project selection and various corporate policies.

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Metadata

Authors
Cain, M. D., & McKeon, S. B.
Venue
Journal of Financial and Quantitative Analysis
Publisher
Cambridge University Press (CUP)
Published
2016-02
Volume
51
Issue
1
Pages
139-164
ISSN
  • 0022-1090 (ISSN-L)
  • 1756-6916
DOI
10.1017/s0022109016000041
OpenAlex
W3125301375
Cited by
473
References
42
FWCI
114.62
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: CEO Personal Risk-Taking and Corporate Policies. https://app.cochat.ai/papers/10.1017/s0022109016000041
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Cain, M. D., & McKeon, S. B. (2016). CEO Personal Risk-Taking and Corporate Policies. Journal of Financial and Quantitative Analysis. https://doi.org/10.1017/s0022109016000041

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.