Author(s)

Haixia Li

Corresponding Author

Haixia Li

ABSTRACT

The paper conducts some empirical studies on the relationship between CEO power and risk-taking, and makes a further check on corporate risk-taking varies with the different ownership backgrounds. The empirical results show that the more power the CEO has, the higher risk-taking the firms will face; and the effect of CEO power on corporate risk-taking in the state-owned firms than that of in the non-state owned firms. These researches provide some theoretical basis on the effective restrict of CEO power’s centralization, and some reasonable controls on corporate risk-taking for the listed corporates, especially in the state-owned firms.

KEYWORDS

CEO power; risk-taking; ownership backgrounds