Behavioral CEOs: The Role of Managerial Overconfidence
构建了一个理论和实证框架，综合评估CEO过度自信的文献，并提供了过度自信影响企业投资决策的新证据，尤其考虑了融资约束的内生性问题。
In this paper, we provide a theoretical and empirical framework that allows us to synthesize and assess the burgeoning literature on CEO overconfidence. We also provide novel empirical evidence that overconfidence matters for corporate investment decisions in a framework that explicitly addresses the endogeneity of firms' financing constraints.