The guardians: Do hometown CEOs curb controlling shareholders' tunneling?

• Published in: International review of financial analysis Vol. 96; p. 103602
• Main Authors: Chen, Jing, Gao, Jun, Chan, Kam C., Liu, Xinghe, Xu, Cheng
• Format: Journal Article
• Language: English
• Published: Elsevier Inc 01.11.2024
• Subjects: Agency problem; Controlling shareholders' tunneling; Hometown identity; Place identity theory; Agency problem; Hometown identity; Controlling shareholders' tunneling; Place identity theory

Motivated by the understudied role of CEO hometown identity in corporate governance, our study explores the impact of CEOs' hometown identity on controlling shareholders' tunneling behavior, from the perspective of place identity theory. Our results based on a sample of listed Chinese firm...