The FINANCIAL -- CEO appointees often have a tailwind of strong performance and are expected to be more rational and objective than others. According to University of Pennsylvania, however, CEOs are equally vulnerable to biases, according to a new research paper titled “Behavioral Corporate Finance: The Life Cycle of a CEO Career,” by Wharton finance professor Marius Guenzel and Ulrike Malmendier, professor of finance and economics at the University of California, Berkeley.…
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