China's listed companies have two-tier boards comprising of a supervisory board and a board of directors. The supervisory board has the responsibility to oversee and monitor the board of directors. Similarly, the role of the independent non-executive directors (INEDs) is to advise and monitor...

Stock markets continually reflect the assessment of CEOs' characteristics into stock prices hence we expect that there might be a link between CEOs' demographic characteristics and stock return volatility. We investigate the influence of CEOs' demographic characteristics (e.g. age, tenure,...

We exploit exogenous variations in CEO turnover to investigate the influence of successor CEOs on corporate innovation. Using difference-in-differences (DID) and a battery of robustness tests, our results reveal that CEO turnover matters and triggers economically significant improvements in both...