Journal article
CEO Overconfidence and Management Forecasting
Contemporary accounting research, Vol.33(1), pp.204-227
03/01/2016
DOI: 10.1111/1911-3846.12144
Abstract
This paper examines how overconfidence affects the properties of management forecasts. Using both the over-optimism and miscalibration dimensions of overconfidence to generate our predictions, we examine three research questions. First, we examine whether overconfidence increases the likelihood of issuing a forecast. Second, we examine whether overconfidence increases the amount of optimism in management forecasts. Third, we examine whether overconfidence increases the precision of the forecast. Using both options- and press-based measures to proxy for individual overconfidence, we find support for all three research questions.
Details
- Title: Subtitle
- CEO Overconfidence and Management Forecasting
- Creators
- Paul Hribar - University of IowaHolly Yang - Singapore Management University
- Resource Type
- Journal article
- Publication Details
- Contemporary accounting research, Vol.33(1), pp.204-227
- Publisher
- Wiley
- DOI
- 10.1111/1911-3846.12144
- ISSN
- 0823-9150
- eISSN
- 1911-3846
- Number of pages
- 24
- Language
- English
- Date published
- 03/01/2016
- Academic Unit
- Accounting
- Record Identifier
- 9984380533202771
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