This study investigates the effect of female chief executive officers (FCEOs) on investment efficiency. Our study suggests that CEO gender plays a significant role in efficient investment decisions by improving governance and disciplining the management. We document that FCEOs are associated...

This study explores the effect of CEO power in shaping corporate investment decisions. Exploiting a unique Chinese setting, we document a negative association between CEO power and investment efficiency. However, financial constraints improve investment decisions by powerful CEOs. Moreover, the...