IDEAS home Printed from https://ideas.repec.org/a/bla/jfnres/v49y2026i2p740-781.html

The impact of subordinate executives’ comparative confidence and competence on corporate risk‐taking

Author

Listed:
  • Md Raihan Uddin Chowdhury
  • Abdullah‐Al Masum
  • Feixue Xie

Abstract

Our findings reveal that subordinate executives with higher comparative confidence and competence in overseeing CEO actions drive greater corporate risk‐taking, notably through strategic investments and financing activities that enhance firm value. These include capital expenditures, research and development (R&D), intangible assets, advertising, and financing via cash, equity, and leverage, which collectively account for about 46.68% of return on assets volatility and 27.75% of cash flow volatility. The impact is particularly strong in competitive and complex business environments but diminishes with higher executive age and tenure.

Suggested Citation

  • Md Raihan Uddin Chowdhury & Abdullah‐Al Masum & Feixue Xie, 2026. "The impact of subordinate executives’ comparative confidence and competence on corporate risk‐taking," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 49(2), pages 740-781, June.
    • Handle: RePEc:bla:jfnres:v:49:y:2026:i:2:p:740-781
    DOI: 10.1111/jfir.70004
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jfir.70004
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jfir.70004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jfnres:v:49:y:2026:i:2:p:740-781. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sfaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.