This study provides novel evidence that expert economic agents' work-related activities are systematically influenced by the time-of-day. We use archival data derived from time-stamped quarterly earnings conference calls together with linguistic algorithms to measure and track the moods of...

Motivated by the understudied issue of how managerial psychological characteristics influence corporate risk taking, our study examines whether CEOs’ hometown identity curbs or promotes firms’ risk taking. The results based on a sample of listed Chinese firms from 2008 to 2019 show that...

Our study examines whether CEOs working in their birthplaces curb stock price crash risk when compared to firms with nonlocal CEOs using a sample of Chinese listed firms during the period 2007-2019. Our results show that local CEOs significantly lower firms’ stock price crash risk, and the...