DocumentCode
2855348
Title
CEO overconfidence
Author
Yilmaz, Neslihan
Author_Institution
Bogazici University, United States
fYear
2010
fDate
18-20 June 2010
Firstpage
37
Lastpage
41
Abstract
Research on behavioral corporate finance uses different methods to gauge managerial irrationality. In general, these measures are specific to the data used. Using executive option grant data, this paper proposes a more general and continuous proxy, and uses this proxy to examine the factors that lead to the appointment of overconfident CEOs. I find that certain CEO and governance characteristics have impact on the probability of having overconfident incoming CEOs.
Keywords
behavioural sciences; finance; probability; CEO overconfidence; behavioral corporate finance; chief executive officer; continuous proxy; executive option grant data; managerial irrationality; probability; Agriculture; Cultural differences; Data engineering; Economic indicators; Finance; Humans; Performance analysis; Production; Region 5; Stability; CEO overconfidence; Executive options;
fLanguage
English
Publisher
ieee
Conference_Titel
Financial Theory and Engineering (ICFTE), 2010 International Conference on
Conference_Location
Dubai
Print_ISBN
978-1-4244-7757-9
Electronic_ISBN
978-1-4244-7759-3
Type
conf
DOI
10.1109/ICFTE.2010.5499429
Filename
5499429
Link To Document