| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086862 | Journal of Accounting and Economics | 2011 | 14 Pages |
Abstract
⺠We examine whether attribution bias causes overconfidence in managerial forecasts. ⺠We also examine the effect of this cognitive bias on the managerial credibility. ⺠Past success leads managers to become less accurate in their subsequent forecasts. ⺠These managers display greater divergence from the consensus and are more precise. ⺠Investors and analysts react less strongly to forecasts by overconfident managers.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Gilles Hilary, Charles Hsu,