Overconfident CEOs lead to more debt

I am traveling again (back to Mississippi) but read the following article today (it is a tad dated in blog time, but definitely still relevant for class!Malmendier, Tate, Yan are at it again! After showing how overconfidence of CEO's impacted investment, they now (updated April 8, 2006) show that CEO overconfidence also impacts capital structure.From their abstract:"Overconfident managers believe