CEOs Overconfidence and Board of Directors in Tunisian Firms

Posted: 12 Aug 2012 Last revised: 14 Aug 2012

See all articles by Amel Baccar

Amel Baccar

University of Sfax - Faculty of Economics and Management

Ezzeddine Ben Mohamed

University of Sfax

Date Written: August 11, 2012

Abstract

We administered OLS regressions test on the overconfidence bias and the board of directors to obtain evidence concerning CEOs psychological traits and attitudes. We find that CEOs in Tunisian firms are overconfident and the board of directors characteristics as size, independence and duality can significantly affect managerial psychology. We provide evidence from Tunisian listed firms that CEOs behavioral traits namely overconfidence are related to internal mechanisms of corporate governance as the board of directors. We provide further that empirical results are robust and significant.

Keywords: overconfidence, board of directors, OLS regressions, size of board, independence, duality, managerial psychology

JEL Classification: G02, G30, G31, G32

Suggested Citation

Baccar, Amel and Ben Mohamed, Ezzeddine, CEOs Overconfidence and Board of Directors in Tunisian Firms (August 11, 2012). Available at SSRN: https://ssrn.com/abstract=2128035

Amel Baccar (Contact Author)

University of Sfax - Faculty of Economics and Management ( email )

Route de l'aéroport km 4.5
Sfax, 3018
Tunisia

Ezzeddine Ben Mohamed

University of Sfax ( email )

COFFIT-FSEG SFAX
Tunisia
+216 21750064 (Phone)

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