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Více informací o knize CEO Power and Overconfidence and the Firm's Equity

• Parametry knihy
• Anotace
• Oblíbené z jiného soudku

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Anotace knihy

I study the effects of(a)CEO power over the firm's information and decisions and(b)CEO overconfidence about the firm's underlying value on both firm's equity financing and CEO personal stock trading decisions. I hypothesize that an overconfident CEO will reduce stock issues and increase stock repurchases. I also hypothesize that an overconfident CEO will reduce her own sales and increase her purchases of her firm's stocks. Consistent with my hypothesis, I find that a CEO's self-importance, finance and technical education backgrounds and assumption of multiple roles including the president and chairman titles significantly decrease her probability of issuing stocks. I also find that the firm's recent performance,CEO's finance and general education backgrounds and assumption of multiple roles including the president title increase her probability of stock repurchase. I also consistently find that a CEO's assumption of multiple roles and particularly the chairman title has a significant positive impact on her personal trades in stocks and hence her share ownership. This book highlights the relevance of a CEO's traits for both the firm's financing and her personal portfolio decisions.

Parametry knihy

• Plný název: CEO Power and Overconfidence and the Firm's Equity
• Podnázev: Firm Equity Financing and CEO Stock Transactions: Does CEO Power and Overconfidence Matter?
• Autor: Alya Al Foori
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 328
• EAN: 9783659882487
• ID: 12628517
• Nakladatelství: LAP Lambert Academic Publishing
• Hmotnost: 505 g
• Rozměry: 220 × 150 × 19 mm
• Rok vydání: 2016

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