Managerial overconfidence and stock price crash risk

Huanfa Han, Cuiping Liu, Jing Li

This study explores the effect of managerial overconfidence on the risk of a stock price crash. Results indicate that managerial overconfidence positively affects stock price crash risk. Importantly, internal controls can reduce this risk by curbing managerial overconfidence.

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Year of publication:	2024
Authors:	Han, Huanfa ; Liu, Cuiping ; Li, Jing
Published in:	Finance research letters. - New York : Elsevier Science, ISSN 1544-6123, ZDB-ID 2145766-9. - Vol. 65.2024, Art.-No. 105518, p. 1-9
Subject:	Internal controls \| Managerial overconfidence \| Mediating effects \| Stock price crash risk \| Börsenkurs \| Share price \| Führungskräfte \| Managers \| Finanzkrise \| Financial crisis \| Internes Kontrollsystem \| Internal control \| Risiko \| Risk \| Persönlichkeitsmerkmal \| Personality trait \| Verhaltensökonomik \| Behavioral economics

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1016/j.frl.2024.105518 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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