We find that individualistic chief executive officers (CEOs) are 50–60% more likely to make financial misstatements and are approximately twice as likely as other CEOs to have irregularities (i.e., material and fraudulent misstatements). We further document that this positive relation is...

This paper investigates the impact on the risk of a crash in the stock price (SPCR) of a hometown connection between a firm's chief executive officer (CEO) and suppliers. Using manually collected data on CEOs' hometown connections among Chinese A-share companies (A-shares, or RMB common shares,...