Yin, Desheng; Wang, Michael; Sun, Yufan; Wang, Haizhi; … - In: Risks : open access journal 13 (2025) 3, pp. 1-21
to what extent such managerial incentives may affect CEOs' decisions on risk management. Building on cumulative prospect … theory and instrumental stakeholder theory, we propose that CEOs tend to have risk-reduction incentives if they are paid with …