Engineer CEOs and corporate risk-taking
| Parameter | SRV (1) | ROAV (2) |
|---|---|---|
| Intercept | 0.372 | 0.425 |
| EngCEO | 0.011* (1.75) | 0.014** (2.25) |
| BEng | 0.036** (2.27) | 0.039* (1.85) |
| BSize | −0.001 (−1.25) | 0.009*** (5.25) |
| BInd | 0.000 (−0.15) | 0.000** (2.46) |
| ROA | −0.116*** (−8.58) | −0.266*** (−14.51) |
| FirmSize | −0.011*** (−9.34) | −0.021*** (−11.92) |
| Leverage | 0.001 (1.25) | −0.002 (−1.32) |
| CAPEX | 0.000 (1.03) | −0.000 (−0.57) |
| SalesGrowth | 0.000 (0.11) | 0.009* (1.65) |
| CEOGender | 0.005 (0.60) | 0.0133 (1.15) |
| CEODuality | 0.007 (0.94) | 0.006*** (13.11) |
| Industry fixed effects | Yes | Yes |
| Year fixed effects | Yes | Yes |
| R-squared | 0.242 | 0.324 |
| N | 1,027 | 1,027 |
| Parameter | ||
|---|---|---|
| 0.372 | 0.425 | |
| 0.011* (1.75) | 0.014** (2.25) | |
| 0.036** (2.27) | 0.039* (1.85) | |
| −0.001 (−1.25) | 0.009*** (5.25) | |
| 0.000 (−0.15) | 0.000** (2.46) | |
| −0.116*** (−8.58) | −0.266*** (−14.51) | |
| −0.011*** (−9.34) | −0.021*** (−11.92) | |
| 0.001 (1.25) | −0.002 (−1.32) | |
| 0.000 (1.03) | −0.000 (−0.57) | |
| 0.000 (0.11) | 0.009* (1.65) | |
| 0.005 (0.60) | 0.0133 (1.15) | |
| 0.007 (0.94) | 0.006*** (13.11) | |
| Yes | Yes | |
| Yes | Yes | |
| 0.242 | 0.324 | |
| 1,027 | 1,027 |
Note(s): *, ** and *** indicate statistical significance at 10, 5, and 1% levels, respectively. Variables are as defined in Table 1. t-statistics are reported in parentheses
Source(s): Authors’ own work
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