E-viri
Recenzirano
-
Liu, Xinghe; Zhong, Weifeng; Chen, Jing
Finance research letters, November 2023, 2023-11-00, Letnik: 57Journal Article
•CEO hometown identity significantly curbs default risk.•This effect is realized through hometown CEOs’ reputation concern and capabilities to alleviate financial constraints.•This study highlights the positive role of CEO hometown identity from debtholders’ perspectives and offers valuable practical implications on how to control default risk. Motivated by the understudied role of CEO hometown identity in the credit market, our study, grounded in place identity theory, examines whether CEO hometown identity lowers or raises firms’ default risk. Our results, based on a sample of listed Chinese firms from 2008 to 2020, show that CEO hometown identity significantly curbs default risk; this finding holds after a battery of robustness tests that address endogeneity concerns. Further analyses reveal that this effect is realized through hometown CEOs’ reputation concern and capabilities to alleviate financial constraints. Overall, our study highlights the positive role of CEO hometown identity from debtholders’ perspectives and offers valuable practical implications on how to control default risk.
Vnos na polico
Trajna povezava
- URL:
Faktor vpliva
Dostop do baze podatkov JCR je dovoljen samo uporabnikom iz Slovenije. Vaš trenutni IP-naslov ni na seznamu dovoljenih za dostop, zato je potrebna avtentikacija z ustreznim računom AAI.
Leto | Faktor vpliva | Izdaja | Kategorija | Razvrstitev | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Baze podatkov, v katerih je revija indeksirana
Ime baze podatkov | Področje | Leto |
---|
Povezave do osebnih bibliografij avtorjev | Povezave do podatkov o raziskovalcih v sistemu SICRIS |
---|
Vir: Osebne bibliografije
in: SICRIS
To gradivo vam je dostopno v celotnem besedilu. Če kljub temu želite naročiti gradivo, kliknite gumb Nadaljuj.