CEO overconfidence and financial crisis: Evidence from bank lending and leverage

NCUIR > School of Management at National Central University > Department of Finance > journal & Dissertation > Item 987654321/104778

Please use this identifier to cite or link to this item: https://ir.lib.ncu.edu.tw/handle/987654321/104778

Title:	CEO overconfidence and financial crisis: Evidence from bank lending and leverage
Authors:	何柏欣;Ho, Po-Hsin;Huang, Chia-Wei;Lin, Chih-Yung;Yen, Ju-Fang
Contributors:	管理學院財務金融學系
Keywords:	Bank lending;Bank leverage;Bank loans;Banking;CEO overconfidence;Chief executive officers;Chief executives;Economic crisis;Executives (Business);Financial crisis;Financial performance;Leverage;Risk behavior;Risk culture;Risk taking;Studies
Date:	2016-04-01
Issue Date:	2026-04-23 11:57:53 (UTC+8)
Publisher:	Elsevier;Amsterdam: Elsevier B.V
Abstract:	摘要： Over a period that includes the 1998 Russian crisis and 2007–2009 financial crisis,banks with overconfident chief executive officers (CEOs) were more likely to weaken lending standards and increase leverage than other banksin advance of a crisis,making them more vulnerable to the shock of the crisis.During crisis years, they generally experienced more increases in loan defaults, greater drops in operating and stock return performance, greater increases in expected default probability, and higher likelihood of CEO turnover or failure than other banks.CEO overconfidence thus canexplain the cross-sectional heterogeneity in risk-taking behavior among banks. 出版者： Amsterdam: Elsevier B.V 出版日期： 2016-04-01 出處： Journal of financial economics, 2016-04, Vol.120 (1), p.194-209 資源來源： Elsevier ScienceDirect Journals Complete 版權： 2016 版權： Copyright Elsevier Sequoia S.A. Apr 2016 識別號： ISSN: 0304-405X 識別號： EISSN: 1879-2774 識別號： DOI: 10.1016/j.jfineco.2015.04.007 識別號： CODEN: JFECDT
Appears in Collections:	[Department of Finance] journal & Dissertation

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