Managerial Incentives and Firm Risk Taking: The Mediating Role of Corporate Social Responsibility

In this study, we focus on managerial incentives provided by debt-like compensation and further investigate whether and to what extent such managerial incentives may affect CEOs’ decisions on risk management. Building on cumulative prospect theory and instrumental stakeholder theory, we propose that...

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Bibliographic Details
Main Authors: Desheng Yin, Michael Wang, Yufan Sun, Haizhi Wang, Xinting Zhen
Format: Article
Language:English
Published: MDPI AG 2025-02-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/13/3/42
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