This study aims to analyze the impact of financial distress and CEO Overconfidence on tax avoidance. The worse a company's difficulties, more likely company is engage in evasion. CEOs who are overly confident tend take evasion actions. population this Indonesian companies listed IDX from all industrial sectors. research was conducted sectors Indonesia with total sample 353 non-financial include...

We use detailed assessments of CEO personalities to explore the nature overconfidence as it is commonly measured. Longholder , option-based measure introduced by Malmendier and Tate (2005a) widely used in behavioral corporate finance economics literatures, significantly related several specific characteristics that are associated with overconfident individuals well lower ability. Similar relati...

This study examines the relationship between CEO overconfidence, environment, social, and governance investments, firm value. Drawing on insights from upper echelon agency theory, greater female representation boards is expected to act as an independent monitoring mechanism control reconcile overconfidence which leads enhancement of corporate value induced by investments. Empirical evidence in ...

Much of the evidence on managerial biases in corporate finance focuses CEO and, particular, overconfidence. This singular focus can lead to misattribution as it ignores roles other managers who are responsible for a given outcome. We evaluate influence CFO and C-suite executives compared with CEO. Mirroring widely used Longholder measure overconfidence, we construct Other measures. For financin...