“Managerial overconfidence and the buyback anomaly”, with I. Cooper, I. Lopez and C. Louca, Journal of Empirical Finance, vol.49, pp. 142-156, December 2018.
15 Pages · Posted: 6 Dec 2018 · Citations: 5 | While positive, long-run abnormal returns following share repurchase announcements are substantially lower when CEOs are overconfident.