We explore the role of female directors in mitigating CEO luck. CEOs are “lucky” when they receive stock option grants on days when the stock price is the lowest in the month of the grant, implying opportunistic timing. Our results show that board gender diversity significantly deters the...

This study investigates whether airline firm characteristics moderate the negative impact of rising COVID-19 confirmed cases on airlines’ stock. 87 listed airlines in 44 countries during 2020 are examined with a panel regression. The findings indicate that airline firm size and the number of...

We examine the effects of military connections on firm risk, firm performance, and corporate financial decisions. The evidence concludes that military connected firms, defined as firms with military officials on their boards, have greater risk, lower accounting performance, but higher market...