Results 101 to 110 of about 273,645 (286)

Mitigating the Effects of CEO Overconfidence: A Group Information Processing Perspective

Corporate Governance: An International Review, EarlyView.
ABSTRACT Research Question/Issue This study explores the moderating effects of board network centrality on the relationship between CEO overconfidence and acquisition intensity. Research Findings/Insights Using a panel of S&P 1500 firms from 2002 to 2018, we find that CEO overconfidence is positively associated with acquisition intensity.
Jun Xu, Lin Li, Haibo Liu, Wanrong Hou, Qi Zhu   +4 more
wiley   +1 more source

Managerial Overconfidence and Debt Decision: Evidence from Malaysia [PDF]

, 2015
This paper investigates the impact of managerial overconfidence and firm’s debt decision. Dynamic panel models are employed to examine the relationship between managerial overconfidence and debt decision of publicly listed companies in Malaysia ...
Irene, Wei Kiong Ting, Noor Azlinna, Azizan   +1 more
core  

CFO overconfidence, environmental violations, and firm performance. The moderating role of constituency statutes

European Management Review, EarlyView.
Abstract This study examines the relationship between Chief Financial Officer (CFO) overconfidence and firm performance through the lens of environmental violations and constituency statutes. Drawing on stakeholder and upper echelons theories, we find that firms with overconfident CFOs are more likely to commit environmental violations, which ...
Panagiotis Andrikopoulos, Shee‐Yee Khoo, Patrycja Klusak, Yurtsev Uymaz, Huong Vu   +4 more
wiley   +1 more source

Are Overconfident CEOs Better Innovators?

Using options- and press-based proxies for CEO overconfidence (Malmendier and Tate 2005a, 2005b, 2008), we find that over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain more patents ...
Low, Angie, Teoh, Siew Hong, Hirshleifer, David   +2 more
core  

Does an optimistic tone in annual reports predict better financial and non‐financial performance?

European Management Review, EarlyView.
Abstract In the current paper, we investigate whether management adopts an optimistic disclosure tone to impress the corporate audience or to provide incremental information (II) by anticipating positive corporate performance. Specifically, we test whether an optimistic tone in annual reports (ARs) is a positive predictor of better financial and non ...
Francesco Gangi, Daniele Angelo Previati, Lucia Michela Daniele, Giuseppe Galloppo   +3 more
wiley   +1 more source

Managerial overconfidence and corporate takeovers

Purpose – The purpose of this paper is to model the announcement returns of merging firms based on managerial overconfidence about merger synergy. Design/methodology/approach – The paper applies continuous-time real options techniques and game theoretic ...
Hongbo Pan, Xinping Xia, Minggui Yu
core  

Overconfidence in Currency Markets [PDF]

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  

Government support, regional well‐being, and the pivots of UK SMEs during a crisis

European Management Review, EarlyView.
Abstract Pivoting—a substantive transformation of the established business model (e.g., reformulation of goods, services, processes, or organizational methods in a new or significantly improved manner)—has emerged as a crisis response strategy of small‐ and medium‐sized enterprises (SMEs).
Chau M. Chu, Bach Nguyen
wiley   +1 more source

The illusion of competence: Managers and the Dunning–Kruger effect

European Management Review, EarlyView.
Abstract Do managers properly recognize their own expertise? This study explores distortions in self‐perception by investigating the presence of the Dunning–Kruger effect, a cognitive bias that distorts self‐assessment, within managerial contexts. Although widely studied in psychology, its implications for management remain underexplored.
Francesca Sanguineti, Lajos Szabó, Stefano Denicolai, Giovanna Magnani   +3 more
wiley   +1 more source

Does Corporate Reputation Still Affect the Cost of Equity in an Emerging Market? Evidence from Managerial Overconfidence

GLOBAL BUSINESS FINANCE REVIEW
Purpose: This paper examines the relationship between corporate reputation, managerial overconfidence, and the cost of equity in the context of Vietnam - a fast-growing emerging market.
Nguyen Thi Hoa Hong Nguyen Thi Hoa Hong, Le Thi Thanh Tam Le Thi Thanh Tam   +1 more
semanticscholar   +1 more source