Corporate financing decisions: the role of managerial overconfidence

This thesis examines the effects of managerial overconfidence on corporate financing decisions. Overconfident managers tend to overestimate the mean of future cash flow and underestimate the volatility of future cash flow. We propose a novel time-varying measure of overconfidence, which is based on...

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Bibliographic Details
Main Author: Bin Xu
Format: Default Thesis
Published: 2014
Subjects:
Other commerce, management, tourism and services not elsewhere classified
Time-varying managerial overconfidence
Disclosure tone
Chairman's statement
Content analysis
Insider trading
Capital structure
Pecking order
Debt maturity
Business and Management not elsewhere classified
Online Access:https://hdl.handle.net/2134/16652
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