CEO overconfidence and stock price crash risk

CEO overconfidence and stock price crash risk

This study examines the association between chief executive officer (CEO) overconfidence and future stock price crash risk. Overconfident managers overestimate the returns to their investment projects and misperceive negative net present value (NPV) projects as value creating. They also tend to igno...

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Bibliographic Details
Main Authors: KIM, Jeong-Bon, WEN, Zhang, ZHANG, Liandong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
Overconfidence
optimism
crash risk
conservatism
Accounting
Corporate Finance
Online Access:https://ink.library.smu.edu.sg/soa_research/1707
https://ink.library.smu.edu.sg/context/soa_research/article/2734/viewcontent/CEO_Overconfidence_2016.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1707
https://ink.library.smu.edu.sg/context/soa_research/article/2734/viewcontent/CEO_Overconfidence_2016.pdf

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