Table 1.
Descriptive statistics and correlations.
Table 2.
Regression results.
Fig 1.
Moderating effect of shareholder concentration.
Fig 2.
Moderating effect of CEO duality.
Fig 3.
Moderating effect of board independence.
Table 3.
Robustness tests of categorical salary-based measure of overconfidence.
Table 4.
Robustness tests of stockholding-based measure of overconfidence.
Table 5.
Results for endogeneity checks with Heckman two-stage procedure.