Results 211 to 220 of about 273,645 (286)

Managerial overconfidence and enterprise shadow banking

Finance Research Letters, 2023
Xiaohua Shi
exaly   +2 more sources

Managerial Overconfidence and Market Feedback Effects

Management Science, 2023
We show that managerial learning from stock prices can lead to feedback loop vulnerability: corrective actions based on perceived negative market signals reduce the sensitivity of asset payoffs to stock market information. Less sensitivity discourages liquidity provision and increases the price impact of liquidity shocks.
Suman Banerjee, Shiyang Huang, Vikram Nanda, Steven Chong Xiao   +3 more
openaire   +1 more source

Managerial overconfidence, government intervention and corporate financing decision [PDF]

International Journal of Managerial Finance, 2016
The purpose of this paper is to investigate the impact of managerial overconfidence on corporate financing decision and the moderating effect of government ownership on the relationship between managerial overconfidence and corporate financing ...
Irène Wei Kiong Ting, Hooi Hooi Lean, Qian Long Kweh   +2 more
exaly   +2 more sources

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. This asymmetric dividend payout is consistent with the selective self-attribution bias. Furthermore,
Jui-Chia Lin, Min-Teh Yu
openaire   +1 more source

Managerial overconfidence and pay-for-luck

International Review of Financial Analysis
Xiaoqing Wei
openaire   +2 more sources

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
openaire   +1 more source

Managerial overconfidence and stock price crash risk

Finance Research Letters
Cuiping Liu
exaly   +2 more sources

Managerial overconfidence and M&A performance: evidence from China [PDF]

International Journal of Banking, Accounting and Finance, 2020
We examine the extent to which managerial overconfidence creates value to acquirers in successfulM&As undertaken by Chinese listed firms in the period of 2006–2012.
Qian, He, Xin, J.Y., Guo, M., Xin, Jiayuan, He, Q, Liu, JL, Guo, Jie Michael, Guo, JM, Liu, J., Liu, Jia, Xin, J, He, Q.   +11 more
exaly   +2 more sources

Managerial Overconfidence and Covenant Protection

SSRN Electronic Journal, 2016
This paper examines how managerial overconfidence affects covenant usage. We find that creditors significantly use more covenants, increase covenant intensity, and use different types of covenants such as performance-based covenants and capital-based covenants to curb the default risk emanating from managerial overconfidence. Besides, creditors tighten
Jan P. Voon, Chen Lin, Yiu C Ma
openaire   +1 more source

Managerial overconfidence, corporate corruption risk and the moderating role of accounting secrecy: international evidence

International Journal of Accounting & Information Management
Purpose This study aims to explore the relationship between CEO overconfidence and corporate corruption risk and if this relationship is moderated by accounting secrecy culture. Design/methodology/approach Data from a sample of 1,396 international firms
Achref Marzouki, Anis Ben Amar
semanticscholar   +1 more source