Results 101 to 110 of about 14,133 (250)
Rich Dad Poor Dad? CEO Private School Background and Firm Risk
European Financial Management, EarlyView.ABSTRACT We examine the effect of CEO childhood socioeconomic status (SES) on firm risk. Using hand‐collected data on US CEOs' private high‐school attendance as proxy for high‐SES, we find that firms led by high‐SES CEOs exhibit 5.35% lower firm risk. This effect diminishes with CEO tenure, analyst coverage, and institutional ownership, consistent with
Yifei Bi, Christos Mavrovitis, Chen Yang
wiley +1 more source
Challenges in Demonstrating the Impact of Overconfidence in M&A Activity [PDF]
Financial Economics,
Pederson, Glenn D., White, James M.
core +1 more source
Regulating Complacency: Human Limitations and Legal Efficacy [PDF]
, 2007 This Article examines how insights into limited human rationality can improve financial regulation. The Article identifies four categories of limitations—herd behavior, cognitive biases, overreliance on heuristics, and a proclivity to panic—that ...
Enoksson, Fredrik +3 more
core +1 more source
From Regression to Reasoning: Predicting M&A Announcement Returns With Large Language Models
European Financial Management, EarlyView.ABSTRACT This study investigates whether large language models (LLMs) can predict short‐term market reactions to M&A announcements. We prompt OpenAI's latest reasoning models (o3, GPT‐5, and GPT‐5.1) to forecast whether the combined market value of acquirer and target will increase or decrease, drawing on deal‐, firm‐, and macroeconomic data for large ...
Maximilian Schreiter +2 more
wiley +1 more source
Overconfidence and excess entry: a comparison between students and managers [PDF]
Overconfidence can lead to excessive business entry. Here we replicate the pioneer experiment finding this nexus (Camerer and Lovallo 1999) and extend it in two major directions: (1) to consider managers as well as student subjects and (2) to explicitly ...
A. Felipe Rodrigues +2 more
core
Share Investors' Competence and Overconfidence in Investment Decision Making [PDF]
, 2019 Many factors may affect investors in making investment decision, some of them are overconfidence and competence. Those factors thought to have an influence on investment decision making.
Kusnandar, D. L. (Deasy) +2 more
core
Financial Statement Information and Equity Value: The Role of Real Options Characteristics
Financial Management, EarlyView.ABSTRACT This paper examines whether firm‐specific real options characteristics are equity value‐relevant beyond valuation estimates anchored in financial statements. Using extensive historical data for the United Kingdom, we assess and compare the forecast accuracy and explanatory power for stock prices of equity valuation models based on residual ...
Mingyu (Chandler) Chen +2 more
wiley +1 more source
Tikrit Journal of Administrative and Economic SciencesThe aim of this research is to show the impact of audit committees through their characteristics represented by (independence, financial and accounting experience, size, number of meetings) as an independent variable on Managerial overconfidence with ...
Hassan Marie Hassan +1 more
doaj +1 more source
Mental Frames and Organizational Decision-making: Facing the Challenges of Change [PDF]
Adjusting to the strategic, business and economic changes requires efficient decision-making procedures which can in turn be highly affected by the underlying mental frames that the leaders of the organization hold.
Fulton, Murray E., Lamprinakis, Lampros
core +1 more source
Signaling Vision: Knowing When to Quit
International Economic Review, EarlyView.ABSTRACT We study a signaling game where agents signal their type by choosing when to quit pursuing an uncertain project. High types observe news about project quality and quit when bad news arrives. Low types who do not observe any news may mimic high types by quitting continuously over a phase of time.
Junichiro Ishida, Wing Suen
wiley +1 more source