We analyze the impact of CEO overconfidence on mergers and acquisitions. Overconfident CEOs over-estimate their ability to generate returns, both in their current firm and in potential takeover targets. Thus, on the margin, they undertake mergers that destroy value. Overconfidence also implies that managers view their company as undervalued by outside investors. Therefore, the impact of overcon...

The sustainability report has attracted the attention of various business organizations and become an essential issue in corporate already required to based on POJK No 16/SEOJK.04/2021. This study examines relationship between board diversity social responsibility (CSR). used nationality educational dimension by applying Blau's index. upper echelons, stakeholders, resource dependence theory are...

This study considers the potentially negative consequences for corporate leaders of being subjected to high levels of ingratiation in the form of flattery and opinion conformity from other managers and board members. Chief executive officers (CEOs) who have acquired positions of relatively high social status in the corporate elite tend to be attractive targets of flattery and opinion conformity...

This study aims to test whether the founder or descendants of CEOs have differences from professional in influencing relationship between CEO overconfidence and tax avoidance. Overconfident strong incentives avoid taxes. However, role descendant is expected mitigate CEO’s used a sample non-financial companies listed on Indonesia Stock Exchange 2012–2019 tested random effect panel data. The resu...

The purpose of this study is to investigate the relationship between overconfident CEOs, voluntary disclosure greenhouse gas emissions and firm value, whether corporate (internal external) governance affects association. Using logistic regression a firm-fixed effect model, I analyzed sample disclosing firms with fiscal year in December that are listed Korean stock market for period from 2011 20...