Adolescence is marked by a steep increase in risk-taking behavior. The serious consequences of such heightened risk taking raise the importance of identifying protective factors. Despite its dynamic change during adolescence, family relationships remain a key source of influence for teenagers. Using a longitudinal fMRI approach, we scanned 23 adolescents twice across a 1.5-year period to examin...

Executives have high stakes riding on executive skill accumulated in their non-CEO executive positions in order to establish themselves as talented before being on the competitive CEO market. This paper considers an assignment model augmented by costly pre-CEO executive skill accumulation on the job. As the firm size distribution is more spread to the right, causing the increase in firm size, t...

PIPELINE AT ASCO ANNUAL MEETING Eisai Co., Ltd. (Headquarters: Tokyo, President and CEO: Haruo Naito, “Eisai”) announced today that 19 abstracts highlighting new study results on thyroid cancer, acute myeloid leukemia, metastatic breast cancer, ovarian cancer and other cancers will be presented during the 47 Annual Meeting of the American Society of Clinical Oncology (ASCO), taking place in Ch...

Using comprehensive corporate and retail loan data, we show that the corporate culture of banks explains their risktaking behaviour. Banks whose corporate culture leans towards aggressive competition are associated with riskier lending practices: higher approval rate, lower borrower quality, and fewer covenant requirements. Consequently, these banks incur larger loan losses and make greater con...

Prior reviews of the CEO turnover and succession literature suggest that empirical findings on organizational implications continue to be equivocal. In this paper, we develop a conceptual framework for examining the impact of CEO turnover and succession on organizational capabilities. Using the social network perspective as a theoretical lens, we identify conditions in which CEO turnover is exp...

How much of the rise in CEO pay can be explained by the increased risk that CEOs are exposed to? This paper employs a life-cycle model of consumption and saving to answer this question, and, more broadly, to study the risk-reward tradeoff in executive compensation. The model incorporates the main types of risk that executives of public corporations face: optionand stock-based pay, pay-performan...

Risk-taking has an important role in human’s life, either positive or negative. Thus, finding a method to control or drive this in a particular way could affect individuals and communities’ health by discouraging negative risks such as reckless driving or encouraging positive risks. Emotion induction is one of the methods that can enhance or reinforce risk-taking according to the perceived emot...