Managerial overconfidence - Open Access .click

Journal of Accounting and Economics, 2011
Abstract We examine whether attribution bias leads managers who have experienced short-term forecasting success to become overconfident in their ability to forecast future earnings. Importantly, this form of overconfidence is endogenous and dynamic. We also examine the effect of this cognitive bias on the managerial credibility.
Hilary, Gilles, Hsu, Charles
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Managerial Overconfidence and Dividend Stickiness

Journal of Accounting, Auditing & Finance, 2023
In this study, we examine whether overconfident CEOs strive to smooth dividends. Our findings show overconfident CEOs increase dividends more as earnings increase and decrease dividends less as earnings decline, resulting in downward dividend stickiness.
Jui-Chia Lin, Min-Teh Yu
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Dividends and Managerial Overconfidence

SSRN Electronic Journal, 2013
We analyze the direct impacts of managerial overconfidence upon the dividend decision and demonstrate that the dividend levels and speeds of adjustment to target levels can increase when managers exhibit overconfidence. However, we demonstrate that the directional impact upon dividend levels will depend upon the nature of the managerial overconfidence.
Balasingham Balachandran, Suren Basov, Michael F. Theobald +2 more
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Managerial Overconfidence and Accounting Conservatism

Journal of Accounting Research, 2012
ABSTRACTOverconfident managers overestimate future returns from their firms’ investments. Thus, we predict that overconfident managers will tend to delay loss recognition and generally use less conservative accounting. Furthermore, we test whether external monitoring helps to mitigate this effect.
Anwer S. Ahmed, Scott Duellman
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8. economic growth
1. no poverty
accounting. bookkeeping

hf5601-5689
medicine
external monitoring

ceo overconfidence
leverage
accounting conservatism