CEO overconfidence and the value of corporate cash holdings
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DOI: 10.1016/j.jcorpfin.2018.11.006
Abstract: Cash holding is on average more valuable when firms are managed by overconfident CEOs. Economically, having an overconfident CEO on board is associated with an increase of $0.28 in the value of $1.00 cash holding.… read more here.
Keywords: cash; value; ceo overconfidence; value cash ... See more keywords