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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A new method for measuring CEO overconfidence: Evidence from acquisitions
TL;DR: In this paper, the authors proposed a new direct method of measuring managerial overconfidence using an acquisition setting and found that CEOs with significantly higher synergies forecast error (SFE), measured as the deviation between acquisition forecasted operating synergies and actual realized operational synergies, are more likely to exhibit traits of overconfidence.
Journal ArticleDOI
Women on audit committees and the relationship between related party transactions and earnings management
TL;DR: In this paper, a negative relationship between related-party transactions and earnings management, but a significantly positive relationship between discretionary accruals and the presence of a woman chairing the audit committee.
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CEO-CFO gender congruence and stock price crash risk in energy companies
TL;DR: Zhang et al. as mentioned in this paper found that gender congruence with the chief executive officer (CEO) or chief finance officer (CFO) improves the quality of corporate information processing and corporate governance and inhibits corporate executives from hoarding bad news and ultimately reduces crash risk in energy companies.
Journal ArticleDOI
Chief operating officer characteristics and how they relate to exploration via patenting versus venturing
Journal ArticleDOI
What matters most in CEO compensation
TL;DR: In this article, the most recent time when all of this data is available, beginning from 2006 to 2013, the authors considered all three together and included interactions in order to remove potential omitted variable bias in previous studies, and found that interactions among these variables lead to an additional positive effect for total risk and additional negative effects for investment, diversification, liquidity and firm value.
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
Boys will be Boys: Gender, Overconfidence, and Common Stock Investment
Brad M. Barber,Terrance Odean +1 more