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...

Motivated by the understudied issue of how managerial psychological characteristics influence corporate risk taking, our study examines whether CEOs’ hometown identity curbs or promotes firms’ risk taking. The results based on a sample of listed Chinese firms from 2008 to 2019 show that...

This article examines how CEOs' human capital (generalist vs. specialist) influences their mergers and acquisitions decisions (M&A). We hypothesize that generalist CEOs conduct M&A to leverage their information advantages and meet their risk-taking appetite. Using the inter-regional M&A sample...