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Behavioral CEOs: The role of managerial overconfidence. (2015)

"Overconfident CEOs  have a higher tendency to undertake mergers... overestimate future earnings... borrow more aggressively against future earnings to avoid missing current earnings forecasts ..." Ulrike Malmendier, Haas School of Business...

Written by: Malmendier, Ulrike & Tate, Geoffrey.

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