Executive Overconfidence and the Slippery Slope to Financial Misreporting
By Catherine Schrand, Sarah L. C. Zechman. 2012
956 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/0fa251426b728c1636111f801ea4fc9cce9499dd
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Jeong‐Bon Kim
- Liandong Zhang
- Kari Joseph Olsen
- Zheng Wang
- Andrew C. Call
- Shivaram Rajgopal
- F. Zhang
- Arijit Chatterjee
In Finance
- Jeong‐Bon Kim
- Liandong Zhang
- Zheng Wang
- Andrew C. Call
- F. Zhang
- Shivaram Rajgopal
- Kari Joseph Olsen
- Charles M. C. Lee
Citations in the corpus
- Knowledge, Compensation, and Firm Value: An Empirical Analysis of Firm Communication (2014, neutral): “Because these measures require data to be accumulated potentially over many years, recent studies proxy for this measure by using only end-of-year data (e.g., Hribar and Yang 2011; Schrand and Zechman 2011).”
- Earnings Manipulation and Expected Returns (2013, background): “As Schrand and Zechman (2012) observed in their detailed analysis of 49 fraud cases, sometimes a company’s initial mis-statement reflects not so much a deliberate intent to deceive as simply an optimistic managerial bias.”
- Audit Committee Financial Expertise and Earnings Management: The Role of Status (2014, background): “Constraining irregularities is a significant challenge for audit committees because managers hide fraud from monitors due to career consequences and other severe penalties for intentional GAAP violations (e.g., Larcker et al., 2007; Schrand and Zechman, 2012).”
- CEO Overconfidence and Management Forecasting (2016, neutral): “…links between overconfidence and corporate decisions such as acquisitions, cash flow sensitivity, financial reporting, and risk taking behavior (Malmendier and Tate 2005, 2008; Ahmed and Duellman 2012; Hirshleifer, Low, and Teoh 2012; Schrand and Zechman 2012; Ben-David, Graham, and Harvey 2013).”
- Readability of 10‐K Reports and Stock Price Crash Risk (2019, positive): “OC is the firm-level measure of overconfidence developed by Schrand and Zechman (2012).”