Three essays in behavioral finance
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Authors
Kabiawu, Oluwadamilola
Issue Date
2014-08
Type
Electronic thesis
Thesis
Thesis
Language
ENG
Keywords
Management
Alternative Title
Abstract
In the first chapter, using a large panel dataset from 1994 to 2011, we investigate the relationship between CEO and CFO optimism and firms' stock price crash risk. We find that although CEO and CFO optimism is positively related to firms' future stock price crash risk, CEO optimism is actually more important than CFO optimism. We also find that optimism exists in a continuum and excessively optimistic executives are more detrimental to firms that those with only slightly elevated level of optimism.
Description
August 2014
School of Management
School of Management
Full Citation
Publisher
Rensselaer Polytechnic Institute, Troy, NY