Our study examines whether CEOs working in their birthplaces curb stock price crash risk when compared to firms with nonlocal CEOs using a sample of Chinese listed firms during the period 2007-2019. Our results show that local CEOs significantly lower firms’ stock price crash risk, and the...

By examining managers’ decisions about disclosing updated assessments of firms’ risks, we present evidence that the risk factor disclosures are informative. We use the setting of cybersecurity risk factor disclosures after a data breach because data breaches, especially severe breaches,...