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Forecast Errors in Undisclosed Management Sales Forecasts: The Disappearance of the Overoptimism Bias

Müller, Hans Christian - 2011

disentagle, whether and to which extent strategic deception or cognitive biases are resposible for this overoptimism, the present … overpessimistic. I propose that the non-existence of a general bias towards overoptimism is due to the lack of incentives to … consciously overgloss future prospects in undisclosed forecasts and that overpessimism may be a consequence of loss aversion. …

Persistent link: https://www.econbiz.de/10010305994

Forecast Errors in Undisclosed Management Sales Forecasts: The Disappearance of the Overoptimism Bias

Müller, Hans Christian - 2011

disentagle whether and to which extent strategic deception or cognitive biases are resposible for this overoptimism, the present … overpessimistic. I propose that the non-existence of a general bias towards overoptimism is due to the lack of incentives to … consciously overgloss future prospects in undisclosed forecasts and that overpessimism may be a consequence of loss aversion. …

Persistent link: https://www.econbiz.de/10010307623

Managerial discretions and loan loss provisions in Nigerian banks: Empirical IFRS and risk evidence

Salami, Abdulai Agbaje; Uthman, Ahmad Bukola; Owoade, … - In: The Central European Review of Economics and Management … 6 (2022) 2, pp. 71-115

Aim: The high level of non-performing exposures and the existing crisis in the Nigerian banking sector is a source of concern. To create a basis for solving the troubles caused by the loan loss crisis, this study investigated the managerial discretionary use of loan loss provisions (LLPs) by...

Persistent link: https://www.econbiz.de/10015272878

Efficiency of Banks With a Double Bottom Line

Burgstaller, Johann; Dietl, Katharina - In: Credit and Capital Markets – Kredit und Kapital 56 (2023) 3-4, pp. 255-285

If banks' performance is to be be evaluated against the objectives they actually pursue, assessments of stakeholder-oriented banks should go beyond financial efficiency. Furthermore, also the environment these institutions operate in has to be kept in mind when interpreting levels of managerial...

Persistent link: https://www.econbiz.de/10015191630

Unintended consequences of business digitalization among MSMEs during the COVID-19 pandemic: The case of the Philippines

Oikawa, Keita; Iwasaki, Fusanori; Sawada, Yasuyuki; … - 2025

The coronavirus disease (COVID-19) pandemic profoundly impacted people's lives, social activities, and businesses. It particularly affected micro, small, and medium-sized enterprises (MSMEs), which account for the vast majority of firms and most of the labor force. Compared to larger firms,...

Persistent link: https://www.econbiz.de/10015195468

The (mis)allocation of corporate news

Guo, Xing; Macaulay, Alistair; Song, Wenting - 2024

This paper studies how the distribution of information supply by the news media affects the macroeconomy. We document three connected facts about the media's reporting of firm news. First, media coverage is highly concentrated, focusing particularly on the largest firms in the economy. Second,...

Persistent link: https://www.econbiz.de/10015209840

Informal micro, small, and medium-sized enterprises and digitalization: Evidence from surveys in Indonesia

Shinozaki, Shigehiro - 2022

Most micro, small, and medium-sized enterprises (MSMEs) operate informally. While informal sectors are thought to contribute less to national economic development, MSMEs are a driving force behind national economic growth. Thus, formalizing informal MSMEs is critical to boosting national...

Persistent link: https://www.econbiz.de/10013359384

Globalization and Firm Performance

Catão, Luis A. V.; de Faria, Pedro; Martins, António; … - 2023

Using a new panel dataset of about 140 thousand Portuguese firms during 2006-2019, we measure the effects of globalization on firm-level performance along four dimensions: ownership of capital, employment of foreign-seasoned managers, and participation in export and import markets. Once at least...

Persistent link: https://www.econbiz.de/10014296647

Exports and firm survival in times of COVID-19: Evidence from eight European countries

Wagner, Joachim - 2023

This paper uses firm level data from the World Bank Enterprise surveys conducted in 2019 and from the COVID-19 follow-up surveys conducted in 2020 in eight European countries to investigate the link between exporting before the pandemic and firm survival until 2020. The estimated effect of...

Persistent link: https://www.econbiz.de/10014426879

Information frictions and the two margins of trade: Evidence from Slovenian manufacturing

Zaurino, Elena; Polanec, Saéso - 2023

We empirically investigate whether firms lower information frictions in foreign sourcing through prior exporting. Using a panel of Slovenian manufacturing firms in the period 1996-2011, we estimate the probability of import entry in a new market when the firm is already exporting to the same...

Persistent link: https://www.econbiz.de/10014471583