Results 11 to 20 of about 369 (198)
CEO Overconfidence and Innovation [PDF]
Management Science, 2010 Are the attitudes and beliefs of chief executive officers (CEOs) linked to their firms' innovative performance? This paper uses a measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's “revealed beliefs” about future performance and standard measures of corporate innovation.
Alberto Galasso, Timothy S. Simcoe
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CEO overconfidence and IRS attention
Journal of Financial Stability, 2022 We examine the likelihood that the US Internal Revenue Service (IRS), in its enforcement role, will accord particular attention to firms that are managed by CEOs who exhibit over-confidence, given that such CEOs may be more aggressive in their tax policies and strategies. Using data from 7,757 firms, we find that this is indeed the case. Such attention
Lartey, T, Uddin, M, Danso, A, Wood, G
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Are Overconfident CEOs Better Innovators? [PDF]
The Journal of Finance, 2011 Previous empirical work on adverse consequences of CEO overconfidence raises the question of why firms would hire overconfident managers. Theoretical research suggests a reason, that overconfidence can sometimes benefit shareholders by increasing investment in risky projects.
David Hirshleifer +2 more
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Restraining Overconfident CEOs through Credit Ratings [PDF]
SSRN Electronic Journal, 2022 ABSTRACT Overconfident CEOs significantly reduce their acquisition activity when facing a higher risk of a credit rating downgrade, possibly because credit ratings impact their ability to access external financing. Investment‐grade firms managed by overconfident CEOs that are placed on a negative rating outlook reduce their ...
Shee‐Yee Khoo +3 more
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CEO overconfidence and dividend policy [PDF]
Journal of Financial Intermediation, 2010 Abstract We develop a model of the dynamic interaction between CEO overconfidence and dividend policy. The model shows that an overconfident CEO views external financing as costly and hence builds financial slack for future investment needs by lowering the current dividend payout.
Sanjay Deshmukh +2 more
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Managerial overconfidence and dividend policy in Vietnamese enterprises
Cogent Economics & Finance, 2021 The dividend policy in an enterprise depends not only on the company’s strategy but also on the characteristics of the managers. In particular, the element of overconfidence of the CEO contributes to the decision-making process for the dividend ...
Dat Dinh Nguyen +3 more
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The joint effect of CEO overconfidence and corporate social responsibility discretion on cost of equity capital [PDF]
New Applied Studies in Management, Economics & Accounting, 2022 The purpose of this study is the joint effect of CEO overconfidence and corporate social responsibility discretion on cost of equity capital of companies listed on the Tehran Stock Exchange.
Masoud Madanipour, Mojgan Saeedi
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Business: Theory and Practice, 2023 Organizations can use enterprise risk management disclosures to share financial and non-financial risk information with external stakeholders. Chief Executive Officer (CEO) has a key role in enterprise risk management.
Rina Trisnawati +2 more
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THE EFFECT OF MANAGERIAL OVERCONFIDENCE ON CORPORATE FINANCING DECISION
Manajemen dan Bisnis, 2015 The objective of this research is to examine the effect of managerial overconfidence on corporate financing decision of the miscellaneous industry sector in Indonesian Stock Exchange for the period of 2011-2015.
Eujenita Siswoyo +2 more
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Impact of CEO overconfidence on corporate financing decision with mediating role of risk perception
Business Review, 2022 The purpose of this paper is to investigate the impact of managerial (Chief Executive Officer) overconfidence on corporate financing decision with the mediating role of risk perception.
Amina Batool +2 more
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