Jia, Wanqing (2019) Managerial Overconfidence and Risk. Masters thesis, Concordia University.
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Abstract
In this study, I use a large sample containing 1,868 firms, 1,790 CEOs, 1,079 CFOs and 22,355 officers & directors to test my hypothesis concerning overconfidence and risk. Specifically, the paper examines the impact of risk in the selection of overconfident managers. The results show that overconfident CEOs are preferred by firms that face a high level of unsystematic risk. However, there is no clear association between overconfidence and systematic risk. In addition, I do not find a clear relationship between overconfidence and risk for other senior managers.
| Divisions: | Concordia University > John Molson School of Business > Finance |
|---|---|
| Item Type: | Thesis (Masters) |
| Authors: | Jia, Wanqing |
| Institution: | Concordia University |
| Degree Name: | M. Sc. |
| Program: | Business Administration (Finance specialization) |
| Date: | March 2019 |
| Thesis Supervisor(s): | Basu, Nilanjan |
| ID Code: | 985165 |
| Deposited By: | Wanqing Jia |
| Deposited On: | 27 Oct 2022 13:49 |
| Last Modified: | 27 Oct 2022 13:49 |
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