This paper develops a unified framework to synthesize the growing stream of positive
research on the role of individual decision makers in sha** observed accounting …

Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …

This paper provides an overview of the academic literature on the market for corporate
control, and focuses specifically on firms' performance around and after a takeover. Despite …

We create a firm-level ChatGPT investment score, based on conference calls, that measures
managers' anticipated changes in capital expenditures. We validate the score with …

The present study's main objective is to assess the impact of non-financial sustainability
reporting (NFSR) on corporate reputation and the role of the CEO in the opportunistic …

Ninety-two percent of the 1348 North American executives we survey believe that improving
corporate culture would increase firm value. A striking 84% believe their company needs to …

This paper examines whether and to what extent CEO personal traits (hubris, in particular)
affect firm environmental innovation. Using the overarching theoretical framework of upper …

We study whether digitalization improves investment efficiency using a sample of 3056 listed
enterprises in China from 2007 to 2020. We adopt textual analysis to measure corporate …

We suggest a novel reason why there might be a need for female board representation.
Female participation in the boardroom attenuates the CEO's overconfident views about his …