Critical Factors Influencing Firms' Risk-Taking Behaviour: Ceo Characteristics and the Moderating Role of the Audit Committee

This paper aims to explore the effects of Chief Executive Officer (CEO) characteristics on managerial risk-taking behaviour and moderating impact Audit Committee (AC) ownership ethnicity in this relationship. The underlining theory employed study is Upper Echelons Theory (UET). Data were hand-collected from annual reports top 100 Malaysian PLCs over 2015-2020 analysed through multiple regression analysis Hayes’ Process moderation analysis. findings suggest that CEO age negatively affects risk-taking. results, however, do not support use tenure gender as proxies for behaviour. AC has a significant positive effect relationship between age, tenure, Contrarily, only significantly moderates association further adds existing literature considering these independent variables. Implications Central European audience: serves good yardstick exploring CEOs’ characteristics. While within context, it undoubtedly useful context. can be dispersed all sectors, especially when employs UET theory. would set comparison those corporates countries.