Abstract

http://ssrn.com/abstract=929731
 
 

References (96)



 
 

Citations (5)



 


 



CEO Overconfidence and Management Forecasting


Paul Hribar


University of Iowa - Henry B. Tippie College of Business

Holly Yang


Singapore Management University - School of Accountancy

March 1, 2015

Contemporary Accounting Research, Forthcoming

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.

Number of Pages in PDF File: 47

Keywords: overconfidence, behavior biases, management forecasts, voluntary disclosure

JEL Classification: M41


Download This Paper

Date posted: September 13, 2006 ; Last revised: March 12, 2015

Suggested Citation

Hribar, Paul and Yang, Holly, CEO Overconfidence and Management Forecasting (March 1, 2015). Contemporary Accounting Research, Forthcoming. Available at SSRN: http://ssrn.com/abstract=929731 or http://dx.doi.org/10.2139/ssrn.929731

Contact Information

Paul Hribar (Contact Author)
University of Iowa - Henry B. Tippie College of Business ( email )
Dept. of Accounting
Iowa City, IA 52242-1000
United States
319-335-1008 (Phone)
Holly Yang
Singapore Management University - School of Accountancy ( email )
60 Stamford Road
Singapore 178900
Singapore

Feedback to SSRN


Paper statistics
Abstract Views: 11,431
Downloads: 3,519
Download Rank: 1,394
References:  96
Citations:  5

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.312 seconds