Results 131 to 140 of about 9,441 (234)

Behavioral Finance in Corporate Governance - Independent Directors, Non-Executive Chairs, and the Importance of the Devil’s Advocate [PDF]

open access: yes
The Common Law, parliamentary democracy, and academia all institutionalize dissent to check undue obedience to authority; and corporate governance reformers advocate the same in boardrooms.
Randall Morck
core  

Fusionen und Übernahmen im Licht der Hybris - Überblick über den Forschungsstand [PDF]

open access: yes, 2018
Zusammenfassung: Eine hohe Anzahl von Fusionen und Übernahmen scheitert. Gleichwohl sind Fusionen und Übernahmen an der Tagesordnung. Als eine Erklärung hierfür wird die Hybris-Hypothese diskutiert, d.h.
Homberg, Fabian, Osterloh, Margit
core  

CEO overconfidence and cost stickiness

open access: yesManagement Control & Accounting, 2015
Cost stickiness occurs when costs decrease less when sales fall than they increase when sales rise. Prior literature provides both economic and agency explanations of sticky costs. Our study tackles this cost behaviour from a managerial behavioural perspective.
Qin, B., Mohan, A.W., Kuang, Y.F.
openaire   +1 more source

Bad Corporate Marriages: Waking Up in Bed the Morning After [PDF]

open access: yes, 2015
This paper examines corporate risk taking behavior in the wake of unsuccessful merger activities. We find that relative to other firms, firms that made bad acquisitions take both more systematic risk and more idiosyncratic risk.
Cai, Ye, Shefrin, Hersh
core   +1 more source

Overconfidence in Currency Markets [PDF]

open access: yes
This paper tests the influential hypothesis, typically attributed to Friedman (1953), that irrational traders will be driven out of financial markets by trading losses. The paper’s main finding is that overconfident currency dealers are not driven out of
Carol Osler, Thomas Oberlechner
core  

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