Results 231 to 240 of about 273,645 (286)

Managerial Overconfidence and Bank Bailouts

Journal of Economic Behavior & Organization, 2020
Abstract Empirical evidence suggests that managerial overconfidence and government guarantees contribute substantially to excessive risk-taking in the banking industry. This paper incorporates managerial overconfidence and limited bank liability into a principal-agent model, where the bank manager unobservably chooses the level of risk.
Daniel Gietl, Bernhard Kassner
openaire   +1 more source

The Impact of Managerial Overconfidence and Tax Risk on Embezzlement

THE KOREAN TAX ASSOCIATION
This study empirically analyzes whether managers’ overconfidence affects corporate embezzlement. Recent corporate embezzlement incidents have raised concerns about corporate credibility.
Hyun-Soo Ryu, H. Nam
semanticscholar   +1 more source

Managerial overconfidence and corporate takeovers

International Journal of Managerial Finance, 2006
PurposeThe purpose of this paper is to model the announcement returns of merging firms based on managerial overconfidence about merger synergy.Design/methodology/approachThe paper applies continuous‐time real options techniques and game theoretic concepts.
Hongbo Pan, Xinping Xia, Minggui Yu
openaire   +1 more source

MANAGERIAL OVERCONFIDENCE SEBAGAI PEMODERASI PENGARUH CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN

JURNAL AKUNIDA
Penelitian ini bertujuan untuk menganalisis pengaruh Corporate Governance terhadap kinerja perusahaan dengan Managerial Overconfidence sebagai variabel moderasi pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019 ...
Reizha Dwi Oktaviandra, Husaini
semanticscholar   +1 more source

Can digital transformation in banking restrain managerial overconfidence?— Evidence from listed companies

J. Comput. Methods Sci. Eng.
This study examines the impact of digital transformation in banking on managerial overconfidence and its underlying mechanisms, based on empirical analysis of data from listed companies between 2010 and 2021.
Fenfen Ma, Xin Li, Shah Fahad, Yachen Shen   +3 more
semanticscholar   +1 more source

Managerial overconfidence and firm profitability

Asia-Pacific Journal of Accounting & Economics, 2019
This study examines how Chief Executive Officer (CEO) overconfidence affects profitability. Using United States data from 1992 to 2010, we find that firms with overconfident CEOs have a greater ret...
Hyun Ah Kim, Seung Uk Choi, Wooseok Choi
openaire   +1 more source

Managerial overconfidence and dividend policy: a case study of PSX listed firms

Managerial Finance
PurposeA company’s dividend policy is determined not just by its strategy but also by the qualities of its managers, particularly overconfidence. As a result, the purpose of this study is to explore the impact of CEO overconfidence on dividend policy ...
Muhammad Imran Khan, Muhammad Farooq, Qadri Al Jabri, Saif Ullah, Mazhar Hussain   +4 more
semanticscholar   +1 more source

An Investigation into the Impact of Managerial Overconfidence, Real Earnings Management, and Enterprise Risk Management on Corporate Social Responsibility

International Journal of Economics and Financial Issues
Corporate social responsibility (CSR) has emerged as a new and sensitive topic in the theoretical literature of accounting research. It is considered a fundamental factor for the survival of companies and has attracted attention from various ...
Rezvan Pourmansouri, Dariush Damoori, Mir feiz Fallah, Fatemeh Dekamini, Ramona Birǎu   +4 more
semanticscholar   +1 more source

The role of managerial overconfidence in digital transformation and sustainable competitive performance in emerging SMEs: The role of digital culture

Business Strategy & Development
Grounded in upper echelons theory, this research contributes to the current literature on SME digital transformation by leveraging empirical data from 372 SMEs in an emerging economy.
M. Khattak, Qiang Wu, Maqsood Ahmad, I. Hattab   +3 more
semanticscholar   +1 more source

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