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Jijun Niu
 
''The effect of CEO overconfidence on bank risk taking''
( 2010, Vol. 30 No.4 )
 
 
Recent studies document that some CEOs are overconfident. In this note, we examine the effect of CEO overconfidence on bank risk taking. We measure CEO overconfidence using press data, and bank risk taking using the standard deviation of stock returns. Controlling for a number of CEO- and bank-specific variables, we find that banks managed by overconfident CEOs take more risk.
 
 
Keywords: CEO, overconfidence, bank, risk taking
JEL: G2 - Financial Institutions and Services: General
 
Manuscript Received : Sep 24 2010 Manuscript Accepted : Dec 08 2010

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