CEO sexual scandals and corporate decisions.
We used reported CEO sex scandals as a proxy for lack of self-control and examined the effects of this deficiency on corporate decisions. We found that stock markets react negatively to news of sexual scandal and the CEOs are more likely to be fired afterwards. We found that CEOs with sexual scandal...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/48435 |
| _version_ | 1811685796555522048 |
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| author | Wong, Wai Hang. Teo, Angelique Wan Lin. Lim, Cheryl. |
| author2 | Gao Changhong |
| author_facet | Gao Changhong Wong, Wai Hang. Teo, Angelique Wan Lin. Lim, Cheryl. |
| author_sort | Wong, Wai Hang. |
| collection | NTU |
| description | We used reported CEO sex scandals as a proxy for lack of self-control and examined the effects of this deficiency on corporate decisions. We found that stock markets react negatively to news of sexual scandal and the CEOs are more likely to be fired afterwards. We found that CEOs with sexual scandal make more acquisitions and borrow less in the firm’s capital structure. These facts are consistent with the view that CEO short of self control make more aggressive acquisition decisions and are averse to the debt disciplining. Overall, our paper shows that the personal attributes of CEO, like a lack of self-control, are important in determining corporate policies. |
| first_indexed | 2024-10-01T04:50:13Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/48435 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:50:13Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | ntu-10356/484352023-05-19T03:30:02Z CEO sexual scandals and corporate decisions. Wong, Wai Hang. Teo, Angelique Wan Lin. Lim, Cheryl. Gao Changhong Nanyang Business School Gao Hua Sheng DRNTU::Business::Finance::Corporate governance DRNTU::Business::Management::Leadership We used reported CEO sex scandals as a proxy for lack of self-control and examined the effects of this deficiency on corporate decisions. We found that stock markets react negatively to news of sexual scandal and the CEOs are more likely to be fired afterwards. We found that CEOs with sexual scandal make more acquisitions and borrow less in the firm’s capital structure. These facts are consistent with the view that CEO short of self control make more aggressive acquisition decisions and are averse to the debt disciplining. Overall, our paper shows that the personal attributes of CEO, like a lack of self-control, are important in determining corporate policies. BUSINESS 2012-04-23T08:40:39Z 2012-04-23T08:40:39Z 2012 2012 Final Year Project (FYP) http://hdl.handle.net/10356/48435 en Nanyang Technological University 30 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Corporate governance DRNTU::Business::Management::Leadership Wong, Wai Hang. Teo, Angelique Wan Lin. Lim, Cheryl. CEO sexual scandals and corporate decisions. |
| title | CEO sexual scandals and corporate decisions. |
| title_full | CEO sexual scandals and corporate decisions. |
| title_fullStr | CEO sexual scandals and corporate decisions. |
| title_full_unstemmed | CEO sexual scandals and corporate decisions. |
| title_short | CEO sexual scandals and corporate decisions. |
| title_sort | ceo sexual scandals and corporate decisions |
| topic | DRNTU::Business::Finance::Corporate governance DRNTU::Business::Management::Leadership |
| url | http://hdl.handle.net/10356/48435 |
| work_keys_str_mv | AT wongwaihang ceosexualscandalsandcorporatedecisions AT teoangeliquewanlin ceosexualscandalsandcorporatedecisions AT limcheryl ceosexualscandalsandcorporatedecisions |