The behavioral finance literature attributes failed M&As to CEO overconfidence. We
investigate the source of CEO overconfidence that leads to failed M&As. Among various …

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 …

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 …

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 …

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 …

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 …

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 …