Results 31 to 40 of about 9,441 (234)
Risks, 2019 In this paper, we develop a contingent claim model to evaluate the equity, default risk, and efficiency gain/loss from managerial overconfidence of a shadow-banking life insurer under the purchases of distressed assets by the government.
Shi Chen +3 more
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CEO overconfidence and corporate investment [PDF]
Strategic Direction, 2006 ABSTRACTWe argue that managerial overconfidence can account for corporate investment distortions. Overconfident managers overestimate the returns to their investment projects and view external funds as unduly costly. Thus, they overinvest when they have abundant internal funds, but curtail investment when they require external financing.
Ulrike Malmendier, Geoffrey Tate
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Overconfidence and Managers’ Responsibility Hoarding [PDF]
, 2011 Overconfidence is a well-established behavioral phenomenon that involves an overestimation of own capabilities. We introduce a model, in which managers and agents exert effort in a joint production, after the manager decides on the allocation of the ...
Nieken, Petra +2 more
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Time-varying Managerial Overconfidence and Corporate Debt Maturity Structure [PDF]
, 2017 We examine the impact of managerial overconfidence on corporate debt maturity. We build upon the argument that managerial overconfidence is likely to mitigate the underinvestment problem, which is often the major concern for long-term debt investors ...
Ataullah, Ali, Vivian, Andrew, Xu, Bin
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Does Ceos Hubris Affecting Dividends Payout?
Jurnal Dinamika Manajemen, 2016 The purpose of this research is to examine the effect of CEOs Overconfidence (KDB) on non-financial firms dividend that listed in Indonesia Stock Exchange (IDX) from 2004 to 2013.
Kris Brantas Abipayu, Bayu Wiratama
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Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues [PDF]
, 2008 Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital ...
Elsas, Ralf, Florysiak, David
core +5 more sources
The impact of CEO overconfidence on real earnings management: Evidence from M&A transactions [PDF]
Contabilitate şi Informatică de Gestiune, 2021 Research Question: Does CEO overconfidence have an effect on the level of real earnings management (REM) in the mergers and acquisitions (M&A) context? Motivation: the relationship between the overconfident manager’s behavior and REM in the context ...
Sawssen Khlifi, Ghazi Zouari
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On the Positive Effects of Overcon fident Self-Perception in Teams [PDF]
, 2011 In this paper, we study the individual payoff effects of overconfident self-perception in teams. In particular, we demonstrate that the welfare of an overconfident agent in a team of one rational and one overconfident agent or a team of two overconfident
Ludwig, Sandra +2 more
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Consequences of CEO Overconfidence
Accounting and Finance Research, 2017 We test the impact of CEO overconfidence on the cost of debt and the impact of SOX on overconfidence via CEO selection. Our CEO overconfidence measure is based on the degree of optimism in management earnings forecasts, and the measure for the cost of debt is bond yield spreads.
Qiuhong Zhao, Dave A. Ziebart
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Energies, 2021 Agreed upon by the UN member states, Agenda 2030 assumes joint action for long-term sustainable development. These actions are focused on the implementation of 17 Sustainable Development Goals (SDGs), where actions are assumed to lead to the suppression ...
Elżbieta Bukalska +2 more
doaj +1 more source