Journal ArticleDOI
Gender and corporate finance: Are male executives overconfident relative to female executives?
Jiekun Huang,Darren J. Kisgen +1 more
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TLDR
This paper examined corporate financial and investment decisions made by female executives compared with male executives and found that female executives place wider bounds on earnings estimates and are more likely to exercise stock options early.About:
This article is published in Journal of Financial Economics.The article was published on 2013-06-01. It has received 772 citations till now. The article focuses on the topics: Corporate finance & Earnings.read more
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Journal ArticleDOI
Share buybacks and gender diversity
TL;DR: This article found that board gender diversity increases the likelihood that firms announce a buyback but long-term excess returns are significantly smaller when there is larger female representation on the board and when the quality of monitoring is lower because board members sit on many other boards.
Journal ArticleDOI
Board Gender Diversity and Managerial Obfuscation: Evidence from the Readability of Narrative Disclosure in 10-K Reports
TL;DR: In this article, the authors empirically test the relationship between board gender diversity and the readability of narrative disclosure in 10-K reports, and find a significant positive impact of board diversity on 10K reports' readability, which in turn improves firm performance.
Journal ArticleDOI
Socioemotional wealth and financial decisions in private family SMEs
TL;DR: In this paper, the authors focus on heterogeneity in family firms by analyzing whether the noneconomic aspects that meet the family's affective needs, or socioemotional wealth (SEW), influence debt financing.
Journal ArticleDOI
Better innovators or more innovators? Managerial overconfidence and corporate R&D
TL;DR: In this article, the influence of chief executive officers' overconfidence on corporate research and development (R&D) is studied, and it is shown that firms run by overconfident managers actually invest more in R&D expenditures, even after controlling for country, industry, and time factors.
Journal ArticleDOI
Managerial Overconfidence, Government Intervention and Corporate Financing Decision
TL;DR: In this paper, the authors investigate the impact of managerial overconfidence on corporate financing decision and the moderating effect of government ownership on the relationship between manager overconfidence and corporate finance decision.
References
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Journal ArticleDOI
How Much Should We Trust Differences-In-Differences Estimates?
TL;DR: In this article, the authors randomly generate placebo laws in state-level data on female wages from the Current Population Survey and use OLS to compute the DD estimate of its "effect" as well as the standard error of this estimate.
Book ChapterDOI
Testing for Weak Instruments in Linear IV Regression
James H. Stock,Motohiro Yogo +1 more
TL;DR: This paper proposed quantitative definitions of weak instruments based on the maximum IV estimator bias, or the maximum Wald test size distortion, when there are multiple endogenous regressors, and tabulated critical values that enable using the first-stage F-statistic (or, for instance, the Cragg-Donald (1993) statistic) to test whether give n instruments are weak.
Journal ArticleDOI
Boys will be Boys: Gender, Overconfidence, and Common Stock Investment
Brad M. Barber,Terrance Odean +1 more
TL;DR: Theoretical models predict that overconedent investors trade excessively as mentioned in this paper, and they test this prediction by partitioning investors on gender by analyzing the common stock investments of men and women from February 1991 through January 1997.
Journal ArticleDOI
Managing with Style: The Effect of Managers on Firm Policies
TL;DR: In this paper, the authors investigate whether and how individual managers affect corporate behavior and performance and show that managers with higher performance effects receive higher compensation and are more likely to be found in better governed environments.
Journal ArticleDOI
Women in the boardroom and their impact on governance and performance
TL;DR: This paper found that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees.
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Women in the boardroom and their impact on governance and performance
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