CEO Overconfidence and Management Forecasting

• المؤلفون الرئيسيون: HRIBAR, Paul, YANG, Holly I.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: overconfidence; voluntary forecast; earnings management; Accounting; Corporate Finance; Human Resources Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1161; https://ink.library.smu.edu.sg/context/soa_research/article/2160/viewcontent/CEO_OverconfidenceMgtForecasting_2016.pdf

This paper examines how overconfidence affects the properties of management forecasts. Using both the ‘over‐optimism’ and ‘miscalibration’ effects of overconfidence to generate our predictions, we examine three research questions. First, we examine whether overconfidence increases the likelihood of...