The effect of CEO extraversion on private debt

Zongjun Wang; Peng Wang; Yao Du; Chih Yung Lin

doi:10.1016/j.frl.2025.106962

The effect of CEO extraversion on private debt

Zongjun Wang, Peng Wang, Yao Du, Chih Yung Lin^*

^*此作品的通信作者

資訊管理與財務金融學系

研究成果: Article › 同行評審

摘要

We examine the effect of CEO extraversion on the cost of private debt. We hand-collect each daily tweet from S&P 1500 CEOs and utilize IBM Watson Personality to study their personalities. We find that extraversion in CEOs is related to risk-taking and leadership, which actuates firms to obtain benefits from their loan contracts. Particularly, these firms are more likely to encounter lower loan costs and longer loan maturities than other firms. Thus, firms managed by extraverts help to reduce the cost of bank loans.

原文	English
文章編號	106962
期刊	Finance Research Letters
卷	76
DOIs	https://doi.org/10.1016/j.frl.2025.106962
出版狀態	Published - 4月 2025

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10.1016/j.frl.2025.106962

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The effect of CEO extraversion on private debt

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