Work

The impact of CEO marital status on corporate financialization

Year: 2025

Type: article

Abstract: This paper explores the impact of CEO marital status on corporate financialization. Based on empirical analysis using data from Chinese A-share listed companies from 2007 to 2023, the study finds a significant negative association between married CEOs and corporate financialization. Mechanism tests reveal that married CEOs reduce financialization investments by decreasin g myopic tendencies and focusing on core business operations. Additionally, heterogeneity analysis shows that this effect varies significantly across CEO gender and different internal/external corporate environments. Overall, the empirical results indicate that CEO marital status plays a critical role in financial decision-making in emerging markets.

Source: International Review of Economics & Finance

DOI: 10.1016/j.iref.2025.104304

Authors: Shihua Chen, Cuifang Wang

Institution: Dongbei University of Finance and Economics

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,930