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Your search keyword '"Bouri, Abdelfettah"' showing total 1 results
Start Over Author "Bouri, Abdelfettah" Topic chief executive officers Topic corporate finance
1 results on '"Bouri, Abdelfettah"'

1. CEO's personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms.

Author

Ben Mohamed, Ezzeddine, Souissi, Mohamed Naceur, Baccar, Amel, and Bouri, Abdelfettah

Subjects
*CORPORATE finance, *CASH flow, *RATE of return, *CHIEF executive officers, *BUSINESS enterprises
Abstract

This study tries to extend previous works on behavioral corporate finance by examining the interaction between investment cash flow sensitivity and various CEO characteristics in either the existence or inexistence of managerial optimism. Using a Q-investment model and departing from a sample of 475 annual observations, our results highlight that CEO's financial education, CEO's ownership and their optimism bias can explain distortions in corporate investment policy since they affect investment cash flow's relationship. [ABSTRACT FROM AUTHOR]

Published
2014
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