90 Pages Posted: 27 May 2025 P. Raghavendra RauUniversity of Cambridge; European Corporate Governance Institute (ECGI)YiLin WuNational Taiwan University - Department of EconomicsRichard Lok-Si IeongCity University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance Date Written: May 01, 2025 Abstract We examine how selection bias in CEO promotion amplifies risk-taking, using prenatal exposure to pollution as an exogenous shock to individual risk prefere...