Sökning: id:"swepub:oai:hhs.se:1155010650006056" >
Criminal conviction...
Criminal convictions and risk taking
-
- Amir, Eli (författare)
- Recanati Graduate School of Management, Tel Aviv University
-
- Kallunki, Juha-Pecka (författare)
- University of Oulu (FI)
-
- Nilsson, Henrik (författare)
- Stockholm School of Economics,Handelshögskolan i Stockholm
-
(creator_code:org_t)
- 2014-01-27
- 2014
- Engelska.
-
Ingår i: Australian Journal of Management. - : SAGE Publications. - 1327-2020 .- 0312-8962. ; 39:4, s. 497-523
- Relaterad länk:
-
http://jultika.oulu....
-
visa fler...
-
https://research.hhs...
-
https://doi.org/10.1...
-
visa färre...
Abstract
Ämnesord
Stäng
- An analysis of a proprietary dataset reveals that non-trivial proportions of directors, Chief Executive Officers (CEOs) and Chief Financial Officers in Swedish listed companies have been convicted or suspected of crimes. Based on prior literature, we argue that directors and senior executives who have been convicted or suspected of crimes are more prone to take risk. Consistent with this argument, we find that firms with more criminally convicted/suspected directors and CEOs report more volatile earnings, engage more in goodwill writeoffs due to more unsuccessful acquisitions, and recognize bad news in earnings in a less timely manner. We also find that these firms are, on average, smaller and less profitable. These findings highlight the role personal characteristics of directors and senior management play in managerial decisions.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Publikations- och innehållstyp
- art (ämneskategori)
- ref (ämneskategori)
Hitta via bibliotek
Till lärosätets databas