Abstract:This paper identifies the impact of CEO power on risk-taking in listed firms and supports the strategic role of CEO from his personal profile. It specifies the managerial characteristics; demographic and professional aspects with reference to the upper echelons theory. The structural CEO power is measured by the combination of two titles held by the CEO and their seat in the board of directors. The empirical results reveal that the manager holding a structural power taking risky decisions. More explicitly, the… Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.