How does CEO demission threat affect corporate risk-taking?

Chunzhi Tan; Chengying He; Zhanzhong Shi; Guoli Mo; Xiaoxu Geng

doi:https://doi.org/10.1016/j.jbusres.2021.10.034

doi.org/10.1016/j.jbusres.2021.10.034

How does CEO demission threat affect corporate risk-taking?

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..., Xiaoxu Geng

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Journal of Business Research11.30

Volume: 139, Pages: 935 - 944

Published: Feb 1, 2022

Abstract

This study investigates the nonlinear relationship between CEO demission threats and corporate risk-taking levels. We first estimate the degree of CEO demission threats and then examine how CEO demission threats affect the level of corporate risk-taking. Using data from China's A-share listed companies from 2007 to 2017, we find that the nonlinear relationship can be represented by an inverted “U” in which moderate CEO demission threats increase...