East, West, Home's Best: Do Local CEOs Behave Less Myopically?

We test whether CEOs working near their childhood homes are less likely than nonlocal CEOs to make myopic decisions. Place attachment theories suggest that people develop mutual caretaking relationships with their birthplaces. Also, executive labor markets face less information asymmetry about local...

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Bibliographic Details
Published in:The Accounting review 2020-03, Vol.95 (2), p.227-255
Main Authors: Lai, Shufang, Li, Zengquan, Yang, Yong George
Format: Article
Language:English
Subjects:
Asymmetric information
Attachment
Birth place
Chief executive officers
Chief executives
Childhood
Decision making
Earnings
Executives (Business)
Labor market
Local businesses
Locality
Location of industry
Profits
R&D
Research & development
Research & development expenditures
Social responsibility
Taxation
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