Three essays in behavioral finance

Authors
Kabiawu, Oluwadamilola
ORCID
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Other Contributors
Francis, Bill
Hasan, Iftekhar
Clark, Brian J.
Wu, Qiang
Issue Date
2014-08
Keywords
Management
Degree
PhD
Terms of Use
This electronic version is a licensed copy owned by Rensselaer Polytechnic Institute, Troy, NY. Copyright of original work retained by author.
Full Citation
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
Department
Lally School of Management
Publisher
Rensselaer Polytechnic Institute, Troy, NY
Relationships
Rensselaer Theses and Dissertations Online Collection
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