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Selected Works of Dr. Shahbaz Sheikh
Article
CEO power and corporate risk: The impact of market competition and corporate governance
Corporate Governance: An International Review (2019)
  • Shahbaz A Sheikh, Dr., The University of Western Ontario
Link
Abstract
While there is no unified theory that can explain the relationship between CEO power and corporate risk, the empirical evidence generally finds a positive association. This study argues that market competition and corporate governance play critical roles in influencing this relationship. Using a large panel of non‐financial US corporations for the period 1992–2015, I find that CEO power is positively associated with total and idiosyncratic measures of risk. However, this positive association remains significant only when market competition is high or corporate governance is strong.
Keywords
  • Power,
  • Risk,
  • competition,
  • corporate governance
Disciplines
Publication Date
2019
DOI
https://doi.org/10.1111/corg.12285
Citation Information
Shahbaz A Sheikh. "CEO power and corporate risk: The impact of market competition and corporate governance" Corporate Governance: An International Review Vol. 27 Iss. 5 (2019) p. 358 - 377
Available at: http://works.bepress.com/shahbaz_sheikh/24/