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CEO Overconfidence and the Probability of Corporate Failure: Evidence from the United Kingdom (2021)
Journal Article
Leng, J., Ozkan, A., Ozkan, N., & Trzeciakiewicz, A. (in press). CEO Overconfidence and the Probability of Corporate Failure: Evidence from the United Kingdom. The European journal of finance, https://doi.org/10.1080/1351847X.2021.1876131

This paper investigates the impact of CEO overconfidence on the probability of corporate bankruptcy. Using a large dataset of UK firms, we find that firms with overconfident CEOs face a greater risk of failure. The presence of overconfident CEOs lead... Read More about CEO Overconfidence and the Probability of Corporate Failure: Evidence from the United Kingdom.

Directors’ share dealings and corporate insolvencies: evidence from the UK (2015)
Journal Article
Ozkan, A., Poletti-Hughes, J., & Trzeciakiewicz, A. (2017). Directors’ share dealings and corporate insolvencies: evidence from the UK. The European journal of finance, 23(5), 427-455. https://doi.org/10.1080/1351847X.2015.1040168

This paper investigates the relation between insider trading and the likelihood of insolvency with a specific focus on the directors’ sale and purchase transactions preceding insolvency. We use a unique data set on directors’ dealings in 474 non-fina... Read More about Directors’ share dealings and corporate insolvencies: evidence from the UK.

Informative content of insider purchases: evidence from the financial crisis (2014)
Journal Article
Ozkan, A., & Trzeciakiewicz, A. (2014). Informative content of insider purchases: evidence from the financial crisis. Review of Behavioural Finance, 6(1), 26-45 . https://doi.org/10.1108/RBF-01-2014-0008

Purpose – The purpose of this paper is to investigate the impact of insider trading on subsequent stock returns in the UK, with a specific focus on the impact of the global financial crisis of 2007-2008 on the relation between CEO and CFO stock purch... Read More about Informative content of insider purchases: evidence from the financial crisis.