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Every corporate entity must necessarily work through the Board of Directors (BoD) comprising a group of elected (or selected) people, who are at the helm of its affairs. The Board , being the top in the hierarchy, has to focus on the vision, mission and the goals in the interest of all...
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Is the moderating effect of female board representation on the CEO overconfidence sufficiently strong to alter the firms' excess cash decisions? We address this question using data on 1,163 US-listed firms for 2000-2017. Prior research posits that overly confident CEOs hold less cash compared to...
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