The main objective of this paper is to investigate the international linkages among local, country-specific stock market factors in order to better understand the dependence structure of increasingly integrated world financial markets. The seeming discordance between Fama and French (1998) and...

Purpose To determine what role overconfidence plays in the forced removal of CEOs internationally. Design/Methodology The study makes use of the Fortune Global 500 list. Findings We find that overconfident CEOs face significantly greater hazards of forced turnovers than their non-overconfident...