Social entrepreneurship or enterprise is considered as an innovative form, which combines economic and social value creation to improve societal development. Theory and practice of this field are attracting more attention. In this article, we identified significant literature and journals as...

Using the staggered enactment of constituency statutes across US states, we find that banks with directors whose legal duties are expanded to consider stakeholder and long-term interests significantly reduce risk-taking by increasing capital and shifting to safer borrowers. Additionally, we find...

We find that managers receive more risk-taking incentives in their compensation packages once their firms are referenced by credit default swap (CDS) trading, particularly when institutional ownership is high and when firms are in financial distress. These findings provide suggestive evidence...