As CEOs play pivotal roles in shaping environmental, social, and governance (ESG) investment strategies, existing studies have explored the influence of CEOs’ demographic and professional traits while acknowledging the impact of their cognitive characteristics. However, an overlooked aspect in these investigations is the role of CEOs’ time perspective. To address these gaps, this study investigates the relationship between CEOs’ temporal focus, a key executive perception in strategic contexts, and three dimensions across ESG investments. Utilizing data of Chinese listed firms between 2009 and 2021, we find that CEOs with past-oriented or present-oriented temporal focus exert suppressive effects on environmental and social investments, whereas CEOs with future-oriented temporal focus significantly enhance such sustainability initiatives. Present-focused CEOs are more likely to champion governance investments while both past-focused and future-focused tend to restrict them. Notably, these relationships are further moderated by CEO wealth sensitivity. Our findings illuminate the considerable influence of executive temporal perceptions on ESG investment heterogeneity, offering valuable implications for both research and practice.

We study whether CEOs of private firms differ from other people with regard to their strategic decisions and beliefs about others’ strategy choices. Such differences are interesting since CEOs make decisions that are economically more relevant, because they affect not only their own utility or the well-being of household members, but the utility of many stakeholders inside and outside of the organization. They also play a central role in shaping values and norms in society. We expect differences between both groups, because CEOs are more experienced with strategic decision making than comparable people in other professional roles. Yet, due to the difficulties in recruiting this high-profile group for academic research, few studies have explored how CEOs make incentivized decisions in strategic games under strict controls and how their choices in such games differ from those made by others. Our study combines a stratified random sample of 200 CEOs of medium-sized firms with a carefully selected control group of 200 comparable people. All subjects participated in three incentivized games—Prisoner’s Dilemma, Chicken, Battle-of-the-Sexes. Beliefs were elicited for each game. We report substantial and robust differences in both behavior and beliefs between the CEOs and the control group. The most striking results are that CEOs do not best respond to beliefs; they cooperate more, play less hawkish and thereby earn much more than the control group.

The Fourth Republic is Nigeria’s longest experience in democratic practice. It is a democracy founded upon the ideal of separation of powers; each branch checks the other two within defined boundaries. To act as an effective check on the political branches of government, the judiciary, especially the Supreme Court, is built around structures that guarantee its independence. This article assesses the Supreme Court of Nigeria’s use of discretion within this web and argues that the court now inevitably allows powerful actors to bank on its legitimacy and induce it to overstretch its competence to satisfy their individual policy and political preferences. This trend, the article finds, is antithetical to the concept of judicial independence. A court’s independence is not only apparent when it is able to do what it is meant to do but also when it is able to refrain from what it is not meant to do.

The question of whether extraterrestrials exist has driven both the search for extraterrestrial intelligence (SETI) and some attempts of messaging to extraterrestrial intelligence (METI). Nevertheless, no data-driven or theory-based behavioural policy has been suggested. Here we simulate a comprehensive set of human–extraterrestrial strategic interactions, modelled as two-by-two game-theoretic matrices. We examine a sample of possible outcomes by relying on the theory of subjective expected relative similarity (SERS), which takes into account both the expected payoffs and the extent of strategic similarity – the prospects of the opponent making identical choices. Simulation results suggest: focusing messaging efforts on signalling of complete strategic similarity, monitoring potential alien communications for similarity-indicating signals, and using risk-averse decision rules for policy planning and decision-making. The discussion puts forward three guidelines for METI initiatives and addresses the relevance of the findings to human conflict management.

Few writers have examined the contextual determinants of intuitive decision-making and none has examined the differential contribution to explaining intuition made by different perspectives on context. This study seeks to supply what is absent by examining the overall impact of combinations of variables representing three different perspectives (decision, environment and firm) on the use of intuition when making strategic decisions. The results indicate that the characteristics specific to the firm and to the environment appear to be more significant to intuition than does the nature of the decision; and that the impact of the contextual variables varies from one dimension to another. The research limitations are discussed and suggestions for future research are also offered.