Managerial overconfidence and stock price crash risk

Huanfa Han, Cuiping Liu and Jing Li

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This study explores the effect of managerial overconfidence on the risk of a stock price crash. Results indicate that managerial overconfidence positively affects stock price crash risk. Importantly, internal controls can reduce this risk by curbing managerial overconfidence.

Keywords: Managerial overconfidence; Stock price crash risk; Internal controls; Mediating effects (search for similar items in EconPapers)
JEL-codes: G02 G32 G34 G41 M12 M21 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005488

DOI: 10.1016/j.frl.2024.105518

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