CEOs' general managerial skills and corporate risk taking subject to the moderator of CEO tenure

• Published in: European financial management : the journal of the European Financial Management Association Vol. 29; no. 5; pp. 1620 - 1656
• Main Authors: Leng, Tiecheng, Pan, Luyao
• Format: Journal Article
• Language: English
• Published: Oxford Blackwell Publishing Ltd 01.11.2023
• Subjects: Chief executives; Risk behavior; Risk taking; Transformation

In this study, we examine the relation between chief executive officers' (CEOs') general managerial skills and firms' risk‐taking behaviour. We find that generalist CEOs are associated with significantly higher firm risk, with the association decreasing significantly with CEO tenure....