Date/Time
Date(s) - Fri 7 October
12:30 - 13:30
Location
RHMZ01, Mezzanine Level, Rutherford House, VUW
Abstract
While research showed men’s facial width-to-height-ratio (fWHR) to be associated with their own dominance and aggressive behavior (in markets), we investigate whether higher fWHR also signals a threat to others that they respond to, potentially beyond what would be expected from the actual aggressiveness of the focal actor. To investigate the issue, we relate CEOs’ fWHR in S&P1500 companies to rivals’ cash savings and test two competing hypotheses, i.e., rivals saving less and instead investing cash to pre-empt and counter potential market aggressive moves versus rivals saving more as a precaution against future competitive threats. Our results consistently support the former effect, which holds after accounting for the focal CEO firm’s actual market aggressiveness and is amplified by market competition and attenuated by CEO tenure.
Zoom Link: https://vuw.zoom.us/j/98619643923
About Olga Dodd
Olga Dodd, Ph.D. (in Finance, Durham University, the UK), is a Senior Lecturer in Finance at Auckland University of Technology and an Associate Editor of the International Review of Financial Analysis journal and an Associate Editor of the Journal of Climate Finance. Her research interests include corporate finance, corporate governance, culture and finance, international financial markets, and sustainable finance. She has publications in leading international peer-reviewed journals, including Journal of Corporate Finance, Financial Review, European Financial Management, and International Review of Financial Analysis.