TY - JOUR SN - 1468-036X AU - Kim, Jeong-Bon AU - Liao, Shushu AU - Liu, Yangke T1 - Married CEOs and Stock Price Crash Risk JF - European Financial Management PY - 2021 AB - This study examines whether marriage, as a social construct and cultural norm, can affect firm-level stock price crash risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after controlling for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among firms with weaker corporate governance and those run by less prominent, higher-delta and lower-paid CEOs. DO - 10.1111/eufm.12343 M4 - Citavi ER -