Hometown Lending

Lim, Ivan; Nguyen, Duc Duy

doi:10.1017/s0022109020000769

Cited by 33 publications

(9 citation statements)

References 68 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…See, for example,Bhagwat, Dam, and Harford (2016), Call, Martin, Sharp, and Wild (2018),Babenko, Du, and Tserlukevich (2021), andLim and Nguyen (2021).23Additionally, our results are robust to including second-and third-order polynomials of all distance measures used in Table5, to capture the potential nonlinear effects of these factors.…”

mentioning

confidence: 77%

Technological Fit and the Market for Managerial Talent

Bereskin¹,

Byun²,

2022

J. Financ. Quant. Anal.

View full text Add to dashboard Cite

We show that the similarity of a firm’s technological expertise with that of other firms affects managerial labor market outcomes. Using each firm’s patent portfolio to estimate its technological expertise, we find that its similarity in technological expertise with other firms is strongly related to the benchmark group used for CEO compensation and job transitions. Furthermore, we show that a firm’s CEO pay is positively associated with the CEO compensation levels of technologically similar firms. Our results thus demonstrate the crucial role of technological similarity in determining the value of outside options and the boundaries of the managerial labor market.

show abstract

mentioning

confidence: 77%

Technological Fit and the Market for Managerial Talent

Bereskin¹,

Byun²,

2022

J. Financ. Quant. Anal.

View full text Add to dashboard Cite

show abstract

“…STD_ROA is the standard deviation of return on assets from years t through t + 5, and STD_RET is the standard deviation of daily returns in year t. Following prior literature (Choi et al, 2008;2009;Ma et al, 2021;Moser, 2020), we control for firm size (LNASSETS), leverage (DEBT), profitability (ROA), growth opportunity (MtoB), existing asset structure (CAPX, PPEGT), stock market capitalisation (MCAP) and complexity (SEG) in Equation ( 4). Much of the literature documents that locals have an informational advantage (Bae et al, 2008;Coval & Moskowitz, 1999;2001;Ivkovi c & Weisbenner, 2005;Lim & Nguyen, 2021;Malloy, 2005).…”

Section: Misreporting Risk and Business Riskmentioning

confidence: 99%

“…Much of the literature documents that locals have an informational advantage (Bae et al, 2008; Coval & Moskowitz, 1999; 2001; Ivković & Weisbenner, 2005; Lim & Nguyen, 2021; Malloy, 2005). Consistent with this, Choi et al (2012) find that local auditors provide higher quality audit services than non‐local auditors.…”

Section: Additional Testsmentioning

confidence: 99%

CEO locality and audit fees

et al. 2023

View full text Add to dashboard Cite

Recent literature suggests that compared to non‐local CEOs, local CEOs care more about reputation capital and hence exhibit a longer‐term orientation. Building on this literature, we address the audit pricing of CEO locality. Our empirical analyses reveal that audit fees for firms with local CEOs are lower than those for firms without local CEOs, suggesting a lower audit risk associated with local CEO clients. Seeking the underlying reasons, we indeed find that both client business risk and misreporting risk are lower for firms with local CEOs. Our results are robust to using the matched sample, controlling for potentially correlated variables, change analyses and other alternative specifications. We add to a maturing stream of auditing literature that CEOs' individual traits affect audit pricing.

show abstract

“…The findings show that CEOs are more likely to make investments in their birth place because of information advantage that helps them make value-enhancing investments (Jiang et al. , 2019; Lim and Nguyen, 2020). In addition, CEOs working near their birth place are more supported by the board because of social ties to make long-term investments such as R&D (Lai et al.…”

Section: Review Findingsmentioning

confidence: 99%

The impact of CEO attributes on corporate decision-making and outcomes: a review and an agenda for future research

Bonsu

Liu

Yawson

2023

IJMF

View full text Add to dashboard Cite

PurposeThe role of chief executive officer (CEO) personal characteristics in shaping corporate policies has attracted increasing academic attention in the past two decades. In this review, the authors synthesize extant research on CEO attributes by reviewing 232 articles published in 29 journals from the accounting, finance and management literature. This review provides an overview of existing findings, highlights current trends and interdisciplinary differences in research approaches and identifies potential avenues for future research.Design/methodology/approachTo review the literature on CEO attributes, the authors manually collected peer-reviewed articles in accounting, finance and management journals from 2000 to 2021. The authors conducted in-depth analysis of each paper and manually recorded the theories, data sources, country of study, study period, measures of CEO attributes and dependent variables. This procedure helped the authors group the selected articles into themes and sub-themes. The authors compared the findings in various disciplines and provided direction for future research.FindingsThe authors highlight the role of CEO personal attributes in influencing corporate decision-making and firm outcomes. The authors categorize studies of CEO traits into three main research themes: (1) demographic attributes and experience (including age, gender, culture, experience, education); (2) CEO interactions with others (social and political networks) and (3) underlying attributes (including personality, values and ideology). The evidence shows that CEO characteristics significantly affect a wide range of specific corporate policies that serve as mechanisms through which individual CEOs determine firm success and performance.Practical implicationsCEO selection is one of the most crucial decisions made by corporations. The study findings provide valuable insights to corporate executives, boards, investors and practitioners into how CEOs’ personal characteristics can impact future firm decisions and outcomes that can, in turn, inform the high-stake process of CEO recruitment and selection. The study findings have significant practical implications for corporations, such as contributing to executive training programs, to assist executives and directors attain a greater level of self-awareness.Originality/valueBuilding on the theoretical foundation of upper echelons theory, the authors offer an integrated theoretical framework to consolidate existing empirical research on the impacts of CEO personal attributes on firm outcomes across accounting and finance (A&F) and management literature. The study findings provide a roadmap for scholars to bridge the interdisciplinary divide between A&F and management research. The authors advocate a more holistic and multifaceted approach to examining CEOs, each of whom embodies a myriad of personal characteristics that comprise their unique identity. The study findings encourage future researchers to expand the investigation of the boundary conditions that magnify or moderate the impacts of CEO idiosyncrasies.

show abstract

Hometown Lending

Cited by 33 publications

References 68 publications

Technological Fit and the Market for Managerial Talent

Technological Fit and the Market for Managerial Talent

CEO locality and audit fees

The impact of CEO attributes on corporate decision-making and outcomes: a review and an agenda for future research

Contact Info

Product

Resources

About