Blar i BI Open på forfatter "Louca, Christodoulos"
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Managerial Overconfidence and the Buyback Anomaly
Andreou, Panayiotis; Cooper, Ilan; Garcia de Olalla Lopez, Ignacio; Louca, Christodoulos (Journal article; Peer reviewed, 2018)While positive, long-run abnormal returns following share repurchase announcements are substantially lower when CEOs are overconfident. This effect is particularly strong for (i) difficult to value firms, such as small, ...