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Unethical Culture, Suspect CEOs and Corporate Misbehavior
Biggerstaff, Lee - 2013
We show that firms with CEOs who personally benefitted from options backdating were more likely to engage in other forms of corporate misbehavior, suggestive of an unethical corporate culture. These firms were more likely to overstate firm profitability and to engage in less profitable...
Persistent link: https://www.econbiz.de/10012459399
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CEO Overconfidence and Innovation
Galasso, Alberto - 2010
Are CEOs' attitudes and beliefs linked to their fims' innovative performance? This paper uses Malmendier and Tate's measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's "revealed beliefs" about future performance and standard measures of...
Persistent link: https://www.econbiz.de/10012462611
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Overconfidence and Early-life Experiences : The Impact of Managerial Traits on Corporate Financial Policies
Malmendier, Ulrike - 2010
beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external … financing as overpriced, especially equity. Such overconfident managers use less external finance and, conditional on accessing …
Persistent link: https://www.econbiz.de/10012462992
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Which CEO Characteristics and Abilities Matter?
Kaplan, Steven N. - 2008
We study the characteristics and abilities of CEO candidates for companies involved in buyout (LBO) and venture capital (VC) transactions and relate them to hiring decisions, investment decisions, and company performance. Candidates are assessed on more than thirty individual abilities. The...
Persistent link: https://www.econbiz.de/10012464452
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Managerial Overconfidence and Corporate Policies
Ben-David, Itzhak - 2007
Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration impacts...
Persistent link: https://www.econbiz.de/10012464935
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CEO Overconfidence and Corporate Investment
Malmendier, Ulrike - 2004
We argue that managerial overconfidence can account for corporate investment distortions. Overconfident managers …
Persistent link: https://www.econbiz.de/10012467882
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Smart and Illicit : Who Becomes an Entrepreneur and Do They Earn More?
Levine, Ross - 2013
We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. We show that the incorporated self-employed and their businesses engage in activities that demand comparatively strong nonroutine cognitive abilities, while...
Persistent link: https://www.econbiz.de/10012459385
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Managers and the Management of Organizations
Roberts, John; Shaw, Kathryn - National Bureau of Economic Research - 2022
and management practices. Our focus is on the middle managers who populate the hierarchies between top executives and …We critically review the emerging literature in Organizational and Personnel Economics concerning the role of managers …
Persistent link: https://www.econbiz.de/10013477222
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Who Blows the Whistle on Corporate Fraud?
Dyck, Alexander - 2007
What external control mechanisms are most effective in detecting corporate fraud? To address this question we study in … depth all reported cases of corporate fraud in companies with more than 750 million dollars in assets between 1996 and 2004 …. We find that fraud detection does not rely on one single mechanism, but on a wide range of, often improbable, actors …
Persistent link: https://www.econbiz.de/10012465774
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Trust and Cheating
Butler, Jeffrey V. - 2012
When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...
Persistent link: https://www.econbiz.de/10012460152