The DOI matches its Crossref record; 54 of the 54 references it cites were found in a registry or an index.
What Doesn't Kill You Will Only Make You More Risk‐Loving: Early‐Life Disasters and CEO Behavior
Open accessAbstract
The literature on managerial style posits a linear relation between a chief executive officer's (CEOs) past experiences and firm risk. We show that there is a nonmonotonic relation between the intensity of CEOs’ early‐life exposure to fatal disasters and corporate risk‐taking. CEOs who experience fatal disasters without extremely negative consequences lead firms that behave more aggressively, whereas CEOs who witness the extreme downside of disasters behave more conservatively. These patterns manifest across various corporate policies including leverage, cash holdings, and acquisition activity. Ultimately, the link between CEOs’ disaster experience and corporate policies has real economic consequences on firm riskiness and cost of capital.
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Cites
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Arayssi, M., Jizi, M., & Tabaja, H. H. (2020) · Sustainability Accounting, Management and Policy Journal · doi:10.1108/sampj-05-2018-0136 · Cited by 482
Worries of the poor: The impact of financial burden on the risk attitudes of micro-entrepreneurs
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Metadata
- Authors
- BERNILE, G., BHAGWAT, V., & RAU, P. R.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2017-01-12
- Volume
- 72
- Issue
- 1
- Pages
- 167-206
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3125302922
- Cited by
- 986
- References
- 54
- FWCI
- 159.73
- Type
- journal article
- Language
- en
- Open access
- green
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- BERNILE, G., BHAGWAT, V., & RAU, P. R. (2017). What Doesn't Kill You Will Only Make You More Risk‐Loving: Early‐Life Disasters and CEO Behavior. The Journal of Finance. https://doi.org/10.1111/jofi.12432
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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.
