Essays on CEO overconfidence
Başlık çevirisi mevcut değil.
- Tez No: 400307
- Danışmanlar: PROF. CHARLES J. HADLOCK
- Tez Türü: Doktora
- Konular: Ekonomi, İşletme, Economics, Business Administration
- Anahtar Kelimeler: Belirtilmemiş.
- Yıl: 2009
- Dil: İngilizce
- Üniversite: Mıchıgan State Unıversıty
- Enstitü: Yurtdışı Enstitü
- Ana Bilim Dalı: Finans Ana Bilim Dalı
- Bilim Dalı: Belirtilmemiş.
- Sayfa Sayısı: Belirtilmemiş.
Özet
Özet yok.
Özet (Çeviri)
This study contains two chapters. In the first chapter, I examine the effect of CEO overconfidence on turnover abnormal returns. Previous research shows that overconfident CEOs follow pecking order behavior, engage in overinvestment and make value destroying acquisitions. I argue that CEO overconfidence can play an important role in explaining both a firm?s and its immediate competitor?s abnormal stock returns in the event of a CEO turnover. I analyze the abnormal returns of S&P 500 firms and their competitors when CEO turnover takes place within a firm, and find that overconfidence level of a newly appointed CEO has a significant negative impact on firm?s stock price and a positive impact on competitor?s stock price.In the second chapter, I argue that CEO overconfidence can play an important role on firm product market performance and analyze whether overconfident CEOs are good or bad for the firm?s product market performance. I study the relationship between CEO overconfidence and within-industry sales performance, and my findings show that higher overconfidence levels are associated with better product market performance.
Benzer Tezler
- Two essays on the board's uncertainty about the contracting environment and ceo compensation contracts
Başlık çevirisi yok
BÜNYAMİN ÜNAL
- Three essays on the links between domestic and international politics
Başlık çevirisi yok
KERİM CAN KAVAKLI
- Reading expressive texts in the writing class
Yazma dersinde edebi metinlerin kullanımı
ZEHRA ARZU EKE
Yüksek Lisans
İngilizce
1997
Eğitim ve ÖğretimOrta Doğu Teknik ÜniversitesiEğitim Bilimleri Ana Bilim Dalı
PROF. DR. SABRİ KOÇ
- George Orwell'de toplum eleştirisi
Başlık çevirisi yok
İBRAHİM OK
Doktora
Türkçe
1990
İngiliz Dili ve EdebiyatıDokuz Eylül Üniversitesiİngiliz Dili Eğitimi Ana Bilim Dalı
PROF. DR. M. REŞİT KÜÇÜKBOYACI