Managerial Overconfidence, Firm’s Profitability, and Its Predictability [PDF]
مطالعات تجربی حسابداری مالی, 2023 This study examines the effects of firms’ chief executive officers’ overconfidence on firms’ profitability and its predictability. The study’s hypotheses about positive significant chief executive officers’ overconfidence on profitability and its ...
Mehdi Nikravesh
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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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Management Characteristics and Cost Stickiness: An Examination Based on Agency Theory [PDF]
Environmental Energy and Economic Research, 2021 Understanding how costs behave is a vital and critical issue for managers, management accountants, and financial analysts. Using agency theory, this paper addresses the empirical question of whether the management characteristics can help explain the ...
Abbas Ali Daryaei +3 more
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Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues [PDF]
, 2008 Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital ...
Elsas, Ralf, Florysiak, David
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New Managerial Overconfidence Assessment Model and Earnings Forecasts: Generalized Method of Moments (GMM) [PDF]
مطالعات تجربی حسابداری مالی, 2019 Management earnings forecast is one of the most important information resources in capital markets. The literature suggests managerial overconfidence is an effecting factors on the earnings forecasts’ accuracy.
Sauber Sheri Anaghiz +2 more
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HUBUNGAN MANAGERIAL OVERCONFIDENCE, KEPEMILIKAN PEMERINTAH DAN KEPUTUSAN PEMBIAYAAN PERUSAHAAN
Jurnal Ekonomi dan Bisnis, 2019 This study examines the effect of managerial overconfidence on corporate financing which measured by leverage ratio. Also it investigates the moderating effect of government ownership on the relationship between managerial overconfidence and leverage ...
Dewi Puji Lestari, Faisal Faisal
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The Effect of Managerial Overconfidence on Debt Maturity Structure in Listed Companies in Tehran Stock Exchange [PDF]
Journal of Asset Management and Financing, 2018 Financing policies made by managers can play a key role in the risk and wealth creation for stochkholders. However, identifying effective factors in managers` financing decisions is of great importance.
Masoud Hasani Alghar +1 more
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Investigating the Role of Ownership Structure in the Relationship between Managers' Overconfidence and R&D Expenditures in Terms of Financial Constraints [PDF]
Journal of Asset Management and Financing, 2021 Overconfidence as one of the personality traits of managers affects each of the factors and stages of investment. In this regard, it is possible that financial constraints and ownership type affect the relationships.
Farzad Eivani +3 more
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Managerial Overconfidence and Share Repurchases [PDF]
International Review of Finance, 2012 AbstractFollowing prior studies, we use keywords in press portrayals to gauge managerial overconfidence. We hypothesize that managerial overconfidence is related to a manager's perception that the firm is undervalued. Results from 2744 share repurchase programs launched by 783 listed firms in Taiwan confirm this hypothesis.
Pei‐Gi Shu +3 more
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Time-varying Managerial Overconfidence and Corporate Debt Maturity Structure [PDF]
, 2017 We examine the impact of managerial overconfidence on corporate debt maturity. We build upon the argument that managerial overconfidence is likely to mitigate the underinvestment problem, which is often the major concern for long-term debt investors ...
Ataullah, Ali, Vivian, Andrew, Xu, Bin
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