Y Liu, R Taffler, K John - Long range planning, 2009 - Citeseer
We extend the original work of Malmendier and Tate (2008) to cover the full spectrums of firm size, and a recent time period that includes the 1998-2001 merger wave. In particular …
K Hatoum - The Quarterly Review of Economics and Finance, 2021 - Elsevier
This theoretical model estimates the impact of CEO overconfidence on corporate investment decision making process. The model helps us understand how CEO overconfidence impacts …
Does CEO overconfidence help to explain merger decisions? Overconfident CEOs over- estimate their ability to generate returns. As a result, they overpay for target companies and …
We analyze whether the volume and returns of merger activities are affected by CEO overconfidence. Overconfident CEOs over-estimate their ability to generate returns and …
U Malmendier, G Tate - Journal of Economic Perspectives, 2015 - aeaweb.org
In this paper, we provide a theoretical and empirical framework that allows us to synthesize and assess the burgeoning literature on CEO overconfidence. We also provide novel …
CH Tang, YH Lee, MC Lee, YL Huang - Review of Pacific Basin …, 2020 - World Scientific
This study aims to explore whether various characteristics of chief executive officers (CEO) enhance the impact of CEO overconfidence on a firm's value after mergers and acquisitions …
U Malmendier, V Pezone, H Zheng - Management Science, 2023 - pubsonline.informs.org
Much of the evidence on managerial biases in corporate finance focuses on the CEO and, in particular, CEO overconfidence. This singular focus can lead to misattribution as it ignores …
Past research has shown that CEOs become overconfident through biased self-attribution in previous M&A transactions, which negatively affects subsequent M&A deals. However, M&A …
N Aktas, E De Bodt, R Roll - 2005 - escholarship.org
Are CEOs unable to learn? This surprising question deserves to be raised in the light of the declining pattern of cumulative abnormal returns observed in M&A programs. This paper …