The Effect of Managerial Overconfidence on Abnormal Audit Fees with Respect to Stakeholder Equity Mechanisms [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2023 The pricing of audit services has been a topic of interest to many audit researchers. In case auditors recognize managerial overconfidence, they are expected to incorporate this risk factor into their audit planning and compensate for additional audit ...
Esmaeil Akhlaghi Yazdinejad +1 more
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Managerial overconfidence and the buyback anomaly [PDF]
Journal of Empirical Finance, 2018 Abstract While positive, long-run abnormal returns following share repurchase announcements are substantially lower when CEOs are overconfident. This effect is particularly strong for (i) difficult to value firms, such as small, young, non-dividend paying, distressed, and having negative earnings firms, (ii) firms with poor past stock return ...
Andreou, P. C. +3 more
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Managerial Overconfidence and Earning Forecast Errors [PDF]
پژوهشهای تجربی حسابداری, 2018 In accounting literature, earnings forecast accuracy has always been very important to financial statement users. There are many factors influencing earnings forecasts, including overconfidence that has an important role in earning forecasts accuracy ...
Sasan Merani, Mansour Taheri
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Examining managerial overconfidence behavioral explanation effect on cost stickiness: Comparison with economic and agency theory based factors [PDF]
بررسیهای حسابداری و حسابرسی, 2014 Managerial overconfidence behavioral factor causes cost asymmetric. Prior literature focuses on economic and agency explanations about cross sectional variation in the degree of cost stickiness.
Mehdi Heidari
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Managerial Overconfidence and Unqualified Audit Opinion [PDF]
پژوهشهای تجربی حسابداری, 2018 Overconfidence is one of the most important personal characteristics of managers. Theoretically, Manager’s riskiness is directly related to this characteristic.
Maryam Semyari, Bahman Banimahd
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Managerial overconfidence and corporate risk management [PDF]
Journal of Banking & Finance, 2012 We examine whether managerial overconfidence can help explain the observed discrepancies between the theory and practice of corporate risk management. We use a unique dataset of corporate derivatives positions that enables us to directly observe managerial reactions to their (speculative) gains and losses from market timing when they use derivatives ...
Tim R. Adam +2 more
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The effect of managerial overconfidence on the conservatism with respect to the role of external monitoring [PDF]
بررسیهای حسابداری و حسابرسی, 2015 This study investigates the effect of managerial overconfidence on both conditional and unconditional conservatism considering the role of external monitoring.
Ahmad Khodamipour +2 more
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The Effect of Managerial Overconfidence on Firm Value: Evidence from the Johannesburg Stock Exchange [PDF]
Management and Economics Review, 2021 Managers of a company are responsible for enhancing shareholder wealth. However, decisions made by managers are not always rational, and such irrational decisions could have a direct impact on the value of a firm, and thus, the wealth of its shareholders.
Damien KUNJAL +7 more
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Evaluation of Managerial Overconfidence, Cash Holding, and Investment Efficiency in Companies
Journal of Mathematics, 2021 Managers’ overconfidence leads to overestimating their ability to manage cash sources. Holding more cash may result in overinvestment in projects and investment inefficiency consequently.
Abdorreza Asadi +2 more
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Managerial Overconfidence and Corporate Policies [PDF]
, 2007 Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration impacts investment behavior.
Itzhak Ben-David +2 more
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