In this paper we investigate cognitive biases as a potential reason for the varied results of M&A in emerging capital markets. We focus on two cognitive biases, CEO overconfidence and availability bias, which significantly influence CEO behavior, encouraging them to be irrational in M&A deals....

Do non-cognitive traits contribute to the gender gap in supervisory status and promotion? We use a large employer-employee matched dataset collected from six former socialist countries to assess the link between non-cognitive traits and upward mobility. Controlling for workplace heterogeneity,...