Does ownership structure drive the effect of CEO overconfidence on earnings quality?
Bilel Bzeouich,
Florence Depoers,
Faten Lakhal
Abstract:PurposeThe purpose of this paper is to examine the effect of chief executive officer (CEO) overconfidence on earnings quality and the moderating role of ownership structure as a crucial corporate governance device.Design/methodology/approachThe paper uses the generalized method of moments (GMM) estimation method to test our models on a sample of 335 French companies between 2009 and 2020, i.e. 4,020 observations.FindingsThe results show that CEO overconfidence negatively affects earnings quality. This result s… Show more
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