Posts tagged with: Tate

"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...

"..overconfident managers use less external finance .. CEOs who grew up during the Great Depression are averse to debt .. CEOs with military experience pursue more aggressive policies   Malmendier, U., University...

"Overconfident CEOs over-estimate their ability to generate returns. As a result, they overpay for target companies and undertake value-destroying mergers. The effects are strongest if they have access to internal...

"..studied how hubris affects CEOs' corporate investment decisions ... CEOs tend to think that under their glorious leadership the stock prices will keep going up, so they keep holding on to...