Overconfidence and corporate tax policy
WebOct 21, 2024 · Managers’ overconfidence leads to overestimating their ability to manage cash sources. Holding more cash may result in overinvestment in projects and investment inefficiency consequently. The present study aims to investigate the effect of cash holding on investment efficiency with the moderating role of managerial …
Overconfidence and corporate tax policy
Did you know?
WebHigh rates of entrepreneurial entry (Camerer& Lovallo, 1999) and corporate mergers and acquisitions (Malmendier& Tate, 2005) despite low success rate; Scientific disasters (e., Chernobyl; Plous, 1993) Invasion & war (Gladwell, 2009) Overconfidence bias is sometimes called mother of all biases. WebOverconfidence and Corporate Tax Policy 1115. et al. (2010)‘s finding that executives affect tax avoidance by demonstrating a specific executive characteristic that affects tax …
WebSep 30, 2024 · The present study contributes to previous works by providing the first empirical evidence on the effect of CEO overconfidence on corporate tax policy in … WebJan 31, 2024 · This study examined the effect of CEO overconfidence on restaurant performance and how franchising, a key business format in the restaurant industry, affects the relationship. Based on the notion that overconfident individuals take more risks than non-overconfident people, this study hypothesized that CEO overconfidence positively …
WebApr 12, 2024 · Innovative projects are considered risky and challenging, and specific managerial traits (such as managerial overconfidence) are needed to gain momentum. Moreover, corporate innovations are also crucial for sustainable development through the creation of more efficient, ecofriendly, and socially responsible products, processes, and … WebAug 5, 2024 · The aim of the study is to examine the impact of mergers and acquisition on financial performance in the Nigerian financial system. The study examined selected financial institutions in the banking sector. Specifically, some financial indicators such as asset profile, credit risk, capital structure, liquidity, size and cost control ratios, were …
WebApr 9, 2024 · On the plus side, non-eligible dividends are taxed at a much lower rate than salary. On $80,000 of dividend income I’d pay taxes of about $10,500 this year (13.1% average tax rate). On $80,000 of salary, I’d pay taxes of …
WebOur results fill a critical gap in the overconfidence literature by directly linking CEO overconfidence to financing choices in large U.S. firms. Though preferences among different financing instruments are an implicit prediction in much of the literature,7 to our knowledge this prediction remains untested using field data from corporations. muchh song downloadWeblets adopt more aggressive tax policies. he results suggest that CEO overconidence has a signiicant impact on corporate iscal policy. Gul, Khedmati, and Shams (2024) use a sample of 11,327 mergers and acquisitions that took place be - tween 1991 and 2015 to investigate the alleged as-sociation between acquisitions and tax aggressive-ness. much hopitalWebRisk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events [1] or to maximize the realization of opportunities. how to make the best protein shakesWebIn our second set of tests, we examine the relation between CEO overconfidence and FIN 48 tax reserves. Prior research suggests that tax aggressiveness typically increases the … how to make the best roast porkWebUsing a sample of firms experiencing exogenous CEO departures, we investigate whether firms with overconfident CEOs avoid more tax. We find robust evidence of a positive … how to make the best prime ribWebMar 14, 2014 · Because our empirical tests use a panel of firm-years with exogenous CEO departures and include controls for stationary firm effects as well as observable firm … how to make the best roast turkeyWebApr 12, 2024 · The U.S. tax system incentivizes market concentration by fueling merger deals, giving multinational corporations low-to-no effective corporate income tax, and enabling large corporations to collect the bulk of state and local economic development subsidies. Meanwhile, small business owners continue to pay their fair share of the tax bill. much hoole school