Our study examines whether CEOs’ hometown identity curbs or facilitates a specific type of agency cost. The results based on a sample of listed Chinese firms from 2008 to 2019 show that CEOs’ hometown identity significantly lowers the consumption of excess perks. Further analyses reveal that...

Despite the recent focus from researchers on various social outcomes of firms with celebrity executives, this stream of literature has not been extended to the ecological context. Drawing on identity control theory, this study aims to contribute to closing this research gap by investigating the...