CEO Risk Taking Equity Incentives and Workplace Misconduct

We appreciate the helpful comments and suggestions from the editor, two anonymous reviewers, and seminar participants at the Instituto Superior de Ciências do Trabalho e da Empresa-Instituto Universitário de Lisboa (ISCTE-IUL), Trier University, University of Exeter, University of York, and University of Hull. We also thank the participants of the 2023 International Corporate Governance Society Annual Conference, 2022 Annual Conference of The British Accounting and Finance Association (BAFA) Financial Markets and Institutions and Northern Area Groups, Chief Scientific Advisor’s Seminar at the Health and Safety Executive (U.K.), the 2023 Building Back Better Symposium organized by the Transparency Task Force, and the 2022 Wellbeing at Work Conference organized by the Partnership for European Research in Occupational Safety and Health for their valuable feedback. We thank Philip Mattera of “Good Jobs First” for giving us access to the data on workplace misconduct. We also thank Cole Beck from Vanderbilt University for help with the non-bipartite matching algorithm. The authors of this publication have no conflicts of interest related to this research.

We are grateful for the Best Paper Award received at 2022 BAFA Financial Markets and Institutions and Northern Area Groups and Runner-up Best Paper Award at the 2023 International Corporate Governance Society (ICGS) Annual Conference.

Justin Chircop, Lancaster University, Management School, Department of Accounting and Finance, Lancaster, U.K.; Monika Tarsalewska, University of Exeter, Business School, Department of Finance and Accounting, Exeter, U.K.; Agnieszka Trzeciakiewicz, University of York, School for Business and Society, Department of Accounting, Finance and Actuarial Science, York, U.K.

Supplemental material is available online, as linked in the text.

Editor’s note: Accepted by Margaret H. Christ, under the Senior Editorship of W. Robert Knechel.