1. 1. Byrd&Hickman ↑

1. 1. Fama & Jensen ↑

1. 1. Schellenger et al ↑

1. 1. Daily & Dalton ↑

1. 1. O’Connell & Cramer ↑

1. 1. Omran ↑

1. 1. Ang et al ↑

1. 1. Yermak ↑

1. 1. Agrawal & Knober ↑

1. 1. Klein ↑

1. 1. Erickson et al ↑

1. 1. Hsu ↑

1. 1. Weir et al↑

1. 1. Fosberg ↑

1. 1. Hermalin & Weisbach ↑

1. 1. Vafeas & Theodorou ↑

1. 1. Bhagat & Black ↑

1. 1. Dulewicz & Herbert ↑

1. 1. Balatbat et al ↑

1. 1. Hvide ↑

1. 1. Certain ↑

1. 1. Allen & Evans ↑

1. 1. Irrationality ↑

1. 1. Baccar et al. ↑

1. 1. Nofsinger ↑

1. 1. Skala ↑

1. 1. Cooper et al. ↑

1. 1. Holding Options Too Long ↑

1. 1. Holding Options Forever ↑

1. 1. Habitual Buyer of Stock ↑

1. 1. Hayward & Hambrick ↑

1. 1. Lin et al. ↑

1. 1. Ahmed & Duellman ↑

1. 1. Schrand & Zechman ↑

1. 1. Kahneman & Lovallo ↑

1. 1. Hope & Thomas ↑

1. 1. Masulis et al. ↑

1. 1. Empire Building ↑

1. 1. -Migel et al,2004,10 ↑

1. 1. Roll ↑

1. 1. Merger & Acquisition ↑

1. 1. Ben-David ↑

1. 1. Malmendier, U., & G. Tate ↑

1. 1. Cordeiro ↑

1. 1. Deshmukh et al. ↑

1. 1. Malmendier et al. ↑

1. 1. Hirshleifer et al. ↑

1. 1. Klein ↑

1. 1. Jagadeesh N., and Titman S ↑

1. 1. Skinner ↑

1. 1. Science ↑

1. 1. Explanation ↑

1. 1. Prediction ↑

1. 1. Generalisation ↑

1. 1. Capital Expenditure (CAPEX) ↑

1. 1. Over Investment (Over-Invest) ↑

1. 1. Return ↑

1. 1. BoardIndependence (BI) ↑

1. 1. Duality ↑

1. 1. Institutional Ownership (IO) ↑

1. 1. Market to Book Value (MTB) ↑

1. 1. Leverage (LEV)SIZE ↑