Chair-CEO age variation and insurance risk-taking behavior

Based on data of all listed insurance companies in Jordan over the period 2008-2018, study investigates effect chairman board directors (chair) and chief executive officer (CEO) age variation risk-taking behavior via different chair-CEO proxies. Risk-taking is measured by total risk, a proxy set up market’s risk perception. Thus, finds evidence that tends to decrease practice Jordan’s companies, only if generation gap exists. It doesn’t matter whether chair or CEO older. These results are consistent with Goergen, Limbach, Scholz (2015) Zhou, Kara, Molyneux (2019). Different robustness tests (CEO-firm fixed effect, random dynamic panel estimation) confirm results. Overall, this contributes corporate governance literature; thus, enhancing internal mechanism essential. Finally, it has practical implication for stakeholders, policymakers, researchers.