The effects of CEO equity ownership and firm diversification on risk taking

被引：139
|
作者：
Eisenmann, TR [1 ]
机构：
[1] Harvard Univ, Grad Sch Business Adm, Boston, MA 02163 USA
来源：
STRATEGIC MANAGEMENT JOURNAL | 2002年 / 23卷 / 06期
关键词：
risk taking; governance; CEO equity ownership; diversification;
D O I：
10.1002/smj.236
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This research explores the effects of CEO equity ownership and corporate diversification on firms' risk-taking and risk avoidance behaviors. Hypotheses regarding these effects are tested through econometric analysis of mergers in the U.S. cable television industry. Risk taking and avoidance are measured as horizontal expansion through acquisitions and as the divestiture of assets, respectively, in the face of increasing environmental turbulence. Copyright (D 2002 John Wiley Sons, Ltd.
引用
收藏
页码：513 / 534
页数：22
相关论文
共 50 条
  • [1] Eat or get eaten? How equity ownership and diversification shape CEO risk-taking
    Janney, JJ
    ACADEMY OF MANAGEMENT EXECUTIVE, 2002, 16 (04): : 157 - 158
  • [2] Impact of corporate insider, blockholder, and institutional equity ownership on firm risk taking
    Wright, P
    Ferris, SP
    Sarin, A
    Awasthi, V
    ACADEMY OF MANAGEMENT JOURNAL, 1996, 39 (02): : 441 - 463
  • [3] CEO compensation and firm performance: The mediating effects of CEO risk taking behaviour
    Al-Shammari, Hussam A.
    COGENT BUSINESS & MANAGEMENT, 2021, 8 (01):
  • [4] Effects of corporate equity ownership on firm value
    Drees, Friedel
    Mietzner, Mark
    Schiereck, Dirk
    REVIEW OF MANAGERIAL SCIENCE, 2013, 7 (03) : 277 - 308
  • [5] Effects of corporate equity ownership on firm value
    Friedel Drees
    Mark Mietzner
    Dirk Schiereck
    Review of Managerial Science, 2013, 7 : 277 - 308
  • [6] Firm Risk-Taking and CEO Visibility
    Liu, Yixin
    Zhang, Yilei
    Jiraporn, Pornsit
    QUARTERLY JOURNAL OF FINANCE, 2016, 6 (03)
  • [7] Ownership Structure and Firm Diversification
    Tsao, Shou-Min
    Chin, Chen-Lung
    Lu, Hsueh-Tien
    NTU MANAGEMENT REVIEW, 2011, 22 (01): : 165 - 198
  • [8] CEO ownership, external governance, and risk-taking
    Kim, E. Han
    Lu, Yao
    JOURNAL OF FINANCIAL ECONOMICS, 2011, 102 (02) : 272 - 292
  • [9] CEO Risk Taking Equity Incentives and Workplace Misconduct
    Chircop, Justin
    Tarsalewska, Monika
    Trzeciakiewicz, Agnieszka
    ACCOUNTING REVIEW, 2025, 100 (01): : 139 - 167
  • [10] CEO equity risk bearing and strategic risk taking: The moderating effect of CEO personality
    Benischke, Mirko H.
    Martin, Geoffrey P.
    Glaser, Lotte
    STRATEGIC MANAGEMENT JOURNAL, 2019, 40 (01) : 153 - 177
12345