Results 161 to 170 of about 13,967 (199)

Managerial Overconfidence and Cost Stickiness

SSRN Electronic Journal, 2013
We propose managerial overconfidence as a behavioral explanation for SG&A cost stickiness. Building on the psychology literature, we predict that overconfident managers are more likely to overestimate future demand and therefore less likely to cut SG&A costs when sales decline.
Clara Xiaoling Chen, Timo Gores, Julia Nasev   +2 more
openaire   +1 more source

Managerial overconfidence, CSR and firm value

Asia-Pacific Journal of Accounting & Economics, 2020
The purpose of our study is to explore the relationship among managerial overconfidence, CSR and firm value. Nonlinear regression and OLS regression are used to test the hypotheses.
Yu Gao, Kil-Seok Han
openaire   +1 more source

Managerial Compensation Contracts and Overconfidence

SSRN Electronic Journal, 2002
In this paper we analyze how overconfidence affects the principal-agent relationship when both the principal and the agent are assumed to be overconfident with respect to the quality of a common signal on the future state of nature. We study the impact of that psychological bias on both the compensation contract which the principal offers to the agent ...
openaire   +1 more source

Managerial Overconfidence and Dividend Policy

SSRN Electronic Journal, 2009
Managerial overconfidence has been shown to significantly affect corporate investment, financing policy and merger appetite. We investigate whether it also impacts dividend policy. Overconfident managers believe their firms' securities are undervalued, either because they expect cash flows from current projects to be higher or because they foresee ...
openaire   +1 more source

Managerial Overconfidence: Evidence from Japanese CEOs

SSRN Electronic Journal, 2012
We test whether Japanese leading CEOs are optimistic and miscalibrated using 50 years of survey data conducted by the Nihon Keizai Newspaper on New Year’s Day. In a sense, this study is a complement to Ben-David, Graham and Harvey (2010), who find U.S. executives are severely miscalibrated using the 10 years of survey data.
Kotaro Inoue, Hideaki Kiyoshi Kato, Takashi Yamasaki   +2 more
openaire   +1 more source

Corporate Governance and Managerial Overconfidence

This chapter draws attention to the fact that corporate governance can help in moderating overconfidence, particularly in corporate strategic decisions. CEOs with overconfidence are more likely to engage in risky investment. Agency theory does endorse performance-related pay and independent directors.
Adil Cherkaoui, Youness Oudrhough
openaire   +1 more source

Corporate Payout Policy and Managerial Overconfidence

SSRN Electronic Journal, 2012
We analyze the relation between managerial overconfidence and corporate payout policy. We predict that overconfident managers perceive their firm's equity to be undervalued and therefore prefer share repurchases over dividends when distributing cash to shareholders.
Valentin Burg, Tobias Scheinert, Daniel Streitz   +2 more
openaire   +1 more source

Managerial Overconfidence and Firm Value

The Institute of Management and Economy Research, 2021
Gaoa Yu, Kil-Seok Han, Kyoung-Hwa Chung
openaire   +1 more source

Cash Hoards and Managerial Overconfidence

SSRN Electronic Journal, 2012
Shih-Yun Huang, Neophytos Lambertides, James Steeley   +2 more
openaire   +1 more source

Integrative oncology: Addressing the global challenges of cancer prevention and treatment

Ca-A Cancer Journal for Clinicians, 2022
Jun J Mao,, Msce, Lorenzo Cohen, Karen M Mustian   +2 more
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