External Factors’ Effect on CEO Overconfidence in Mergers and Acquisitions: Board Composition and Monitoring
Purpose: The purpose of this report is to examine the presence of CEO overconfidence in Sweden, and how monitoring of the board of directors affects the overconfidence in CEOs in Sweden. Methodology: Two proxies were used to measure overconfidence: OC1 which measured CEO insider trading, and OC2 which measured CEO portrayal in media. A multivariate regression using the ordinary least squares meth
