The catalysts of stock price crashes are well documented, but much less is known about what happens following crashes. We consider how managers respond to stock price crashes. Management becomes more focused on improving transparency, raising investment efficiency, reducing agency conflicts, and...

Insider trading is regarded as an unethical practice that promotes insiders’ self-interests at the expense of uninformed traders. We investigate the association between a chief executive officer (CEO)’s marital status and her tendency to profit from insider trading. We argue that marriage...

We examine the effect of CEO extraversion on corporate performance during the Global Financial Crisis (GFC). Contrary to the expectation that extraverted CEOs should shield firms better from GFC adversities, we document that the extraversion characteristic of CEOs places a significant, though...

We develop a simple model to analyze the effects of the number of a CEO's children on corporate investment. Data from a sample of CEOs of S&P 500 firms from 1998-2018 support the model's predictions that a CEO with more children has on average higher propensity to allocate firm resources to...

We aim to examine the relation between CEO’s early-life experience of disasters and corporate environmental performance. We hypothesize that CEO’s early-life exposure to the adversity of natural disasters acts as a catalyst for a change in CEO’s awareness and cognitions that accompanies a...

This study shows that prospect value influences insider-trading decisions, and the impact is stronger among female executives' trades. Insiders who buy (sell) when their company's prospect value is above (below) other firms' prospect values lose 34 (12) basis points over the next month. Female...