Born to behave: Home CEOs and financial misconduct*
研究发现，在出生地附近任职的CEO（本地CEO）所在公司发生财务不当行为的可能性更低，且这一关系在本地投资较多、宗教氛围浓厚以及CEO任期较长的地区更为显著。
Abstract We examine the association between CEO birthplace proximity and financial misconduct. We find that CEOs managing firms near their birthplaces (home CEOs) are associated with less financial misconduct compared to other CEOs. This association is not attributable to differences in corporate governance. The relationship strengthens in areas with a strong local investment presence and greater religious commitment as well as among CEOs with longer tenures in their home state. Our findings are robust to addressing potential selection and omitted variable biases as well as to conducting multiple robustness tests, including analyses of involuntary CEO changes and headquarters relocations. We also find a similar association for CFOs, with firms employing home CFOs exhibiting less financial misconduct.