Does social capital influence executive risk-taking incentives?
DC Field | Value | Language |
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dc.contributor.author | Jiraporn, P. | - |
dc.contributor.author | Lee, Sang Mook | - |
dc.contributor.author | Shim, Hyeongsop | - |
dc.date.accessioned | 2022-07-30T07:40:05Z | - |
dc.date.available | 2022-07-30T07:40:05Z | - |
dc.date.created | 2022-07-17 | - |
dc.date.issued | 2022-10 | - |
dc.identifier.issn | 1544-6123 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/85168 | - |
dc.description.abstract | We examine the impact of social capital at the US county level on managerial risk-taking incentives. We hypothesize that corporate executives in counties with higher social capital would accept lower equity-based compensation then faithfully behave in terms of efforts and risks following the shareholder trust or restrain themselves from rent-seeking which may harm shareholders. Our main test results with firm fixed effects are consistent with our hypothesis. Additional robustness checks—propensity score matching, instrumental variable, and difference-in-differences analyses—corroborate our main findings. Thus, it is highly likely that social capital has a curbing effect on executive risk-taking incentives. © 2022 | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | ACADEMIC PRESS INC ELSEVIER SCIENCE | - |
dc.relation.isPartOf | Finance Research Letters | - |
dc.title | Does social capital influence executive risk-taking incentives? | - |
dc.type | Article | - |
dc.type.rims | ART | - |
dc.description.journalClass | 1 | - |
dc.identifier.wosid | 000827625200018 | - |
dc.identifier.doi | 10.1016/j.frl.2022.103116 | - |
dc.identifier.bibliographicCitation | Finance Research Letters, v.49 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.scopusid | 2-s2.0-85133589393 | - |
dc.citation.title | Finance Research Letters | - |
dc.citation.volume | 49 | - |
dc.contributor.affiliatedAuthor | Shim, Hyeongsop | - |
dc.type.docType | Article | - |
dc.subject.keywordAuthor | cooperative norms | - |
dc.subject.keywordAuthor | executive risk-taking incentives | - |
dc.subject.keywordAuthor | Social capital | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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