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Managerial Overconfidence and Risk


Managerial Overconfidence and Risk

Jia, Wanqing (2019) Managerial Overconfidence and Risk. Masters thesis, Concordia University.

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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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