CEO overcaution and capital structure choices

CEO overcaution and capital structure choices - Wiley Online Library

The theory shows that if CEOs have higher bias in equity, than in debt-value estimation, overcautious CEOs will choose lower levels of debt ...

CEO overcaution and capital structure choices — University of Bristol

The theory shows that if CEOs have higher bias in equity, than in debt-value estimation, overcautious CEOs will choose lower levels of debt compared to rational ...

CEO overcaution and capital structure choices - IDEAS/RePEc

The theory shows that if CEOs have higher bias in equity, than in debt‐value estimation, overcautious CEOs will choose lower levels of debt compared to rational ...

CEO overcaution and capital structure choices - CentAUR

This paper develops and empirically tests a new version of the trade-off theory of corporate capital structure choices that accounts for CEOs' ...

CEO overcaution and capital structure choices - Wiley Online Library

CEO overcaution and capital structure choices. Francesco Rocciolo1. Andrea Gheno2. Chris Brooks3. 1Graduate School of Business, Nazarbayev. University, Astana ...

CEO overcaution and capital structure choices - ResearchGate

The theory shows that if CEOs have higher bias in equity, than in debt‐value estimation, overcautious CEOs will choose lower levels of debt ...

CEO Overconfidence and Capital Structure Decisions: Evidence ...

The study documents that overconfident CEOs prefer debt financing over equity financing. Overconfident CEOs are also found to prefer short-term ...

CEO overcaution and capital structure choices

Rocciolo, F., Gheno, A., & Brooks, C. (2024). CEO overcaution and capital structure choices. Financial Review. CEO overcaution and capital structure choices. / ...

CEO Overconfidence and Capital Structure Decisions - Sage Journals

The results from regression models document that overconfident CEOs prefer debt over equity and short-term debt over long-term debt. In addition ...

Moderating effects of CEO overconfidence on firm financing decisions

We show that CEO overconfidence significantly affects the capital structure decisions of the company. CEO overconfidence is negatively correlated with the debt ...

CEO Overconfidence and Capital Structure Decisions - ResearchGate

The evidence on external versus internal financing helps explain the biased preference of overconfident CEOs for debt and short-term financing. The biased ...

NBER WORKING PAPER SERIES OVERCONFIDENCE AND ...

We measure capital-structure relevant beliefs revealed by CEOs' personal portfolio choices ... capital structure predictions: Overconfident CEOs over-.

CEO Overconfidence and Capital Structure Decisions: Evidence

The results from regression models document that overconfident CEOs prefer debt over equity and short-term debt over long-term debt. In addition, overconfident ...

CEO overconfidence and the choice of debt issuance - ScienceDirect

(2011) empirically show that conditional on using external financing, overconfident CEOs prefer debt over equity. Surprisingly, however, little is known about ...

The Financial Review on X: "Check out the Open-Access article ...

Check out the Open-Access article "CEO overcaution and capital structure choices" from the latest FR issue, by Francesco Rocciolo, ...

The moderating role of CEO overconfidence on debt maturity ...

characterized by overconfidence exhibit a preference for debt over equity as ... (2022), “CEO overconfidence and capital structure decisions: evidence from.

Moonfare on LinkedIn: The Pandemic Boosted the Case for PE

The Pandemic Boosted the Case for PE · More Relevant Posts · CEO overcaution and capital structure choices · Alternative credit fuels M&A comeback, ...

The Effect of Managerial Traits on Corporate Financial Policies

These traits may later manifest themselves in more aggressive capital structure choices. We measure overconfidence using data on CEO option holdings. First, we ...

Proactive Capital Structure Adjustments: Evidence from Corporate ...

... decisions change leverage slowly over time through an ... Executive compensation: Executives and employees exercise stock options, increasing equity.

How do CFOs make capital budgeting and capital structure decisions?

policy, industry, management ownership, CEO age, CEO tenure and CEO educational ... We started by developing, over a periods of several months, a draft survey.