Posts tagged with: Goel

"The level of dividend payout is lower in firms managed by overconfident CEOs. This reduction in dividends associated with CEO overconfidence is greater in firms with lower growth opportunities and...

"...an overconfident manager, who sometimes makes value-destroying investments, has a higher likelihood than a rational manager of being deliberately promoted to CEO under value-maximizing corporate governance.   Goel, A.M., DePaul University, Thakor, A.V.,...