CEO Age and the Riskiness of Corporate Policies

By Matthew Serfling. 2014

769 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5c14a76a2470c16fc279fa301357d6e6fcc792f8

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Citations in the corpus

Public Governance and Corporate Fraud: Evidence from the Recent Anti-corruption Campaign in China (2018, background): “Younger CEOs are under more pressure regarding career development and are eager to signal their ability to the market (Prendergast and Stole 1996; Serfling 2014).”
The Deliberate Engagement of Narcissistic CEOs in Earnings Management (2020, background): “In addition, it is found that older CEOs make more diversifying acquisitions, manage firms with more diversified operations, and maintain lower operating leverage (Serfling 2014).”
Career Concerns and the Busy Life of the Young CEO (2017, background): “They tend to overweight their own information and magnify their investment decisions in order to try and persuade the market of their superior talents (Prendergast and Stole, 1996; Serfling, 2014).”
Hear Me Write: Does CEO Narcissism Affect Disclosure? (2019, result): “This coincides with prior studies, which suggest that older CEOs are likely to be more conservative and more risk-averse (Hambrick and Mason 1984; Prendergast and Stole 1996; Serfling 2014).”
Firm Life Cycle, Corporate Risk Taking, and Investor Sentiment (2017, neutral): “Serfling (2014) documents that risk-taking by CEOs decreases with an increase in their age primarily because of less risky investment policies.”
Beyond narrative disclosure tone: The upper echelons theory perspective (2020, background): “Moreover, previous literature found that CEO age is positively associated with risk aversion and negatively associated with stock volatility (Serfling, 2014).”
CEO age and stock price crash risk (2017, background): “For instance, Yim (2013) finds that financial incentives motivate younger CEOs to make more acquisitions, whereas Serfling (2014) provides evidence that older CEOs invest less in research and development, make more diversifying acquisitions and maintain lower operating leverage, resulting in lower…”
Age diversity, directors' personal values, and bank performance (2016, background): “During the life span, ageing effects involve a wide range of factors influencing the development of personal values, such as risk-taking behavior, decisionmaking, and attitudes to work (Medawar, 1952; Child, 1974; Rhodes, 1983; Ferris et al., 1991; Sun and Wang, 2010; Serfling, 2014).”