Managerial Duties and Managerial Biases

The authors thank colleagues and seminar participants at the University of California Berkeley, University of Bonn, University of Chicago, Centre for Studies in Economics and Finance (University of Naples), Northwestern University, Stanford University, and Yale University as well as the American Finance Association and Adam Smith Conference in Oxford for helpful comments. Marius Guenzel, Canyao Liu, Jana Willrodt, and Jeff Zeidel provided excellent research assistance.