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Keywords: Risk-aversion
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2023) 49 (2): 338–356.
Published: 26 September 2022
... the company as “theirs”. Executives' psychological ownership decreases firms' fraud and financial performance. The decrease in financial performance is related to an observed increase in executives' risk-aversion. Investors recognize this ownership mindset in executives and reward it with a positive market...
