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
openaire +1 more source
The Impact of Managerial Ability and Overconfidence on Firm Risk-taking: The Moderating Role of Corporate Governance Efficiency [PDF]
المجلة العلمية للبحوث التجارية - جامعة المنوفيةThis study aims to investigate the impact of managerial ability and overconfidence on firm risk-taking in Egypt and to examine the moderate effect of corporate governance efficiency on such a relationship.
hanaa elhabashy +2 more
doaj +1 more source
Investigating the Effect of Investors' Behavior and Management on Stock Returns [PDF]
مجله دانش حسابداری, 2018 The purpose of the present study was to investigate the effects of behavioral variables such as managerial overconfidence, herding behavior and investor sentiment on stock returns.
Kazem Shamsadini (Ph.D) +2 more
doaj +1 more source
The Impact of Accounting Conservatism and Managerial Attributes on Capital Structure Rebalancing: Evidence from Egypt [PDF]
المجلة العلمية للبحوث التجارية - جامعة المنوفيةThis study investigates the impact of accounting conservatism and managerial attributes on the Speed of Adjustment (SOA) toward the optimal capital structure in Egyptian firms.
hanaa elhabashy +1 more
doaj +1 more source
SystemsThis study examines how managerial overconfidence affects corporate cybersecurity investment and whether a breach-contingent regulatory penalty can mitigate behaviorally induced underinvestment.
Zhengyang Zhu, Liurong Zhao
doaj +1 more source
The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study [PDF]
Maǧallaẗ Al-Buḥūṯ Al-Tiǧāriyyaẗ, 2019 This study aims at investigating the effect of managerial overconfidence on debt financing. Based on aconvenient sample of (125) companies drawn from Egyptian listed companies’ qualified population for a period from (2012 to 2017) to constitute (750 ...
أحمد محمد زاهر
doaj +1 more source
Time-varying managerial overconfidence and pecking order preference [PDF]
, 2017 This paper examines whether managerial overconfidence enhances or weakens pecking order preference. We construct time-varying managerial words-based (i.e. tone of Chairman’s Statement) and action-based (i.e.
Xu, Bin +7 more
core +2 more sources
Managerial overconfidence and corporate cash holdings: Evidence from primary and secondary data [PDF]
, 2023 The corporate finance literature argues that overconfident managers tend to hold less cash, and this leads to a significant deviation from optimal cash levels.
Dao, Thi Tuyet Nhung +2 more
core +3 more sources
The Moderating Role of Board Governance on the Relationship Between Managerial Overconfidence and Corporate Risk: Evidence from Emerging Markets [PDF]
MSA-Management Sciences JournalThe study investigated the effect of managerial overconfidence on corporation risks within the moderator role of board governance in Brazil, Egypt, India, Russia, Saudi Arabia, South Africa, and Turkey as emerging markets.
Osama Wagdi +2 more
doaj +1 more source
Examining Managerial Overconfidence Effect on Earnings Smoothing in Companies Listed in Tehran Stock Exchange [PDF]
مجله دانش حسابداری, 2015 Earnings smoothing is affected significantly by expectations about future earnings, and overconfidence affects such expectations. Overconfident managers by the belief that they possess special information (that the others do not) overestimate their ...
Ghasem Blue, Masoud Hasani Alghar
doaj +1 more source