CEO’s personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad ESAN
2014
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| _version_ | 1876468709429608448 |
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| author | Ezzeddine Ben Mohamed |
| author_facet | Ezzeddine Ben Mohamed |
| contents | CEO’s personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms Ezzeddine Ben Mohamed Mohamed Naceur Souissi Amel Baccar Abdelfettah Bouri Multidisciplinarias (Ciencias Sociales) Financial education Technical education Ownership Managerial optimism Corporate investment 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. 2014 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733618005 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.37 Vol.19 |
| format | Artículo científico |
| id | redalyc_360733618005 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad ESAN |
| spellingShingle | CEO’s personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms Ezzeddine Ben Mohamed Multidisciplinarias (Ciencias Sociales) Financial education Technical education Ownership Managerial optimism Corporate investment CEO’s personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms Ezzeddine Ben Mohamed Mohamed Naceur Souissi Amel Baccar Abdelfettah Bouri Multidisciplinarias (Ciencias Sociales) Financial education Technical education Ownership Managerial optimism Corporate investment 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. 2014 artículo científico 2077-1886 https://www.redalyc.org/articulo.oa?id=360733618005 en http://www.redalyc.org/revista.oa?id=3607 Journal of Economics, Finance and Administrative Science application/pdf Universidad ESAN Journal of Economics, Finance and Administrative Science (Perú) Num.37 Vol.19 |
| title | CEO’s personal characteristics, ownership and investment cash flow sensitivity: Evidence from NYSE panel data firms |
| topic | Multidisciplinarias (Ciencias Sociales) Financial education Technical education Ownership Managerial optimism Corporate investment |
| url | https://www.redalyc.org/articulo.oa?id=360733618005 |