search query: @indexterm Chief executive officers / total: 802
reference: 177 / 802
| Author: | Rogers, D. A. |
| Title: | Does executive portfolio structure affect risk management? CEO risk-taking incentives and corporate derivatives usage |
| Journal: | Journal of Banking and Finance
2002 : MAR, VOL. 26:2-3, p. 271-295 |
| Index terms: | Portfolio investment Risk management Chief executive officers |
| Language: | eng |
| Abstract: | The paper shows CEO risk-taking incentives provided by portfolios of stock and options are negatively related to derivate holdings for a broad cross-section of firms. This negative relation is consistent with derivatives being used for hedging purposes. The evidence suggests that managerial risk-taking incentives are an empirically important determinant of corporate risk management behaviour. |
SCIMA