“What we found was that firms led by single CEOs engaged in much more aggressive investment behavior, along the lines of capital expenditures, as well as innovation activity, research and development, and acquisitions to some extent, than companies led by CEOs who were married. These differences translated also into greater riskiness of the firms led by single CEOs as measured by the stock return volatility” asserts an article Risk and the Unmarried CEO.
Marital status can both reflect and affect individual preferences.
