CEO overconfidence and the probability of corporate failure: evidence from the United Kingdom

This paper investigates the impact of CEO overconfidence on the probability of corporate bankruptcy. Using a large dataset of UK firms, we find that firms with overconfident CEOs face a greater risk of failure. The presence of overconfident CEOs leads to a higher risk of bankruptcy in innovative env...

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Bibliographic Details
Main Authors: Jingsi Leng, Aydin Ozkan, Neslihan Ozkan, Agnieszka Trzeciakiewicz
Format: Default Article
Published: 2021
Subjects:
CEO Overconfidence
Hazard Model
Corporate Bankruptcy
Corporate Governance
Online Access:https://hdl.handle.net/2134/13431068.v1
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https://hdl.handle.net/2134/13431068.v1

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