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 …

In this paper, we examine the effect of managerial overconfidence on bank loan spreads.
Our theoretical model and empirical results support that firms with highly overconfident …

Capital structure decisions are vital for firms. Existing theories on capital structure partially
explain the difference in capital structure decisions of identical firms. Researchers have …

Purpose The purpose of this study is to understand the impact of the overconfidence of
finance managers on the capital structure decisions of family-run businesses in the Indian …

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 …

We examine the relationship between managerial overconfidence and corporate risk taking.
More specifically, we investigate how overconfidence affects the risks that CEOs take in …

Prior literature documents that CEO overconfidence plays an important role in corporate
financial reporting and accounting decisions. However, an unexplored issue is how …

We examine how the level of chief executive officer (CEO) overconfidence might affect a
borrowing firm's ex ante covenant intensity and ex post covenant violations. We find that …

Purpose This paper aims to find alternative explanations for the use of long-term debt in the
US restaurant industry from a behavioral perspective. The three-fold purpose of the present …

This paper examines the influence of dividend covenants in corporate bonds on investment
and operating performance. Prior literature analytically demonstrates that by limiting …