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1

Pulford, Briony D. "Overconfidence in human judgement." Thesis, University of Leicester, 1996. http://hdl.handle.net/2381/234.

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Mulholland, Ron. "The overconfidence bias and entrepreneurs." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1999. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape7/PQDD_0011/NQ42779.pdf.

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Solda, Alice. "Overconfidence as an interpersonal strategy." Thesis, Lyon, 2020. http://www.theses.fr/2020LYSE2010.

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Les modèles économiques standard supposent que les individus collectent et traitent l'information d'une manière qui leur donne une perception relativement précise de la réalité. Cependant, cette hypothèse est souvent remise en question. Les données montrent que les individus forment souvent des préjugés positifs à leur égard, ce qui peut avoir des conséquences économiques néfastes. Cette thèse vise à expliquer la persistance de la surconfiance dans les interactions sociales en montrant l'existence d'avantages stratégiques de la surconfiance qui compensent son coût social.À l'aide d'une série d
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Soldà, Alice. "Overconfidence as an interpersonal strategy." Thesis, Queensland University of Technology, 2019. https://eprints.qut.edu.au/135191/1/Alice_Solda_Thesis.pdf.

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Standard economic models assume that individuals collect and process information in a way that gives them a relatively accurate perception of reality. However, data shows that individuals are often overconfident, which can have detrimental economic consequences. This thesis aims to show that individuals benefits from being overconfident in strategic interactions, which would explain the persistence of this bias despite its social cost. This thesis contributes to the literature by enhancing our understanding of the situational determinants of overconfidence in social interactions and lay the fo
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Gustavsson, Anna, and Emma Svenler. "Overconfidence among Swedish private investors : A regression study between the overconfidence behaviour among Swedish private investors and demographic factors." Thesis, Jönköping University, Internationella Handelshögskolan, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-49584.

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Background: For the past 30 years, the neoclassical finance has been questioned bybehavioural finance. The main difference is behavioural finance ́s ability to explain a behaviour that deviate from rationality. One of the major biases within behavioural finance is overconfidence. Overconfident behaviour describes an investor with too strong belief in their own ability. This bias is not well-examined within behavioural finance in Sweden. The consequences of overconfidence are the investor ́s overvaluation skills which in turn leads to unnecessary risk-taking, excessive trading and economic loss
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Lipko, Amanda Rae. "Preschoolers' persistent overconfidence in their recall memory." [Kent, Ohio] : Kent State University, 2008. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=kent1214583736.

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Thesis (Ph.D.)--Kent State University, 2008.<br>Title from PDF t.p. (viewed Oct. 5, 2009). Advisor: William Merriman. Keywords: metacognition; recall memory; cognitive development. Includes bibliographical references (p. 65-71).
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Xu, Bin. "Corporate financing decisions : the role of managerial overconfidence." Thesis, Loughborough University, 2014. https://dspace.lboro.ac.uk/2134/16652.

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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 computational linguistic analysis of what the managers said (i.e. Chairman s Statement). The overconfidence of CEO and CFO is also constructed based on what the managers did (i.e. how they trade their own firms shares). We conduct three empirical studies that offer new insights into the roles of man
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Soriano, Flavio de Oliveira. "Overconfidence and confirmation bias: are future managers vulnerable?" reponame:Repositório Institucional do FGV, 2015. http://hdl.handle.net/10438/13497.

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Submitted by Flavio Soriano (flavio.soriano@hotmail.com) on 2015-03-07T17:18:58Z No. of bitstreams: 1 2015_MPGI_Overconfidence and Confirmation Bias_Flavio Soriano.pdf: 1280021 bytes, checksum: 3d8e4c16ffd1a93c2e17526cdf8e8c77 (MD5)<br>Rejected by Luana Rodrigues (luana.rodrigues@fgv.br), reason: Bom dia Flávio, Por gentileza, altere o campo "knowledge field" para : INTERNACIONALIZAÇÃO DE EMPRESAS, pois este item deve ser o mesmo escrito na ata. Obrigada. Atenciosamente, Luana de Assis Rodrigues Cursos de Pós-Graduação – Post Graduate Program (55 11) 3799-3492 SRA - Secretari
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Klauss, Christopher Philipp. "Capital investment decisions with managerial overconfidence and regret aversion." Thesis, University of Bath, 2006. https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.428354.

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This research investigated the potential effects of managerial overconfidence and regret aversion in a corporate capital investment context. Three fundamental decision problems are analysed: Project selection (accepting or rejecting a proposed investment), managerial effort, and project evaluation (continuing or abandoning a failing investment). Very little previous research has looked at the role of psychological biases in corporate finance decisions, and the joint analysis of the two studied biases within one model is also a fairly novel contribution. Solving by backward induction a theoreti
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Zhou, Jie. "Managerial overconfidence and corporate policy decisions in UK companies." Thesis, University of York, 2008. http://etheses.whiterose.ac.uk/14125/.

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Managerial overconfidence, as a particular form of managerial irrationality, concerns that some managers are less than completely rational and tend to overestimate the outcome of the investment projects under their control. This study focuses on the impact of managerial overconfidence on corporate policy decisions. There are two main objectives. First, it explores the consequences of managerial overconfidence for investment decisions and the cash holding policy by emphasizing the role of financial constraints. Second, it investigates the potential role of managerial overconfidence in determini
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Vitanova, Ivana. "Managerial overconfidence : interactions with corporate governance and firm performance." Thesis, Lyon 2, 2014. http://www.theses.fr/2014LYO22018.

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Face au constat d'une vision assez négative de la surconfiance managériale dans les travaux académiques en économie et gestion (analysée dans le premier chapitre de cette thèse) nous présentons des implications plus positives de ce biais sur la performance des entreprises. Ainsi, dans le Chapitre 2 nous réalisons une étude empirique qui tient compte de l'endogénéité de la surconfiance managériale et de sa contingence aux facteurs contextuels tels que la gouvernancede l'entreprise et la rémunération du dirigeant. Nous montrons que lorsque nous corrigeons le biais d'endogenéité dans les données
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Gao-Yu, Ting, and 高于婷. "Managerial overconfidence, investor’s overconfidence,and odds and post-performance of mergers." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/46426607038270722993.

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碩士<br>輔仁大學<br>企業管理學系管理學碩士班<br>100<br>In this study we investigate the relation between managerial overconfidence, investor’s overconfidence, and odds and performance indicators of mergers. Managerial overconfidence, referring to Malmendiar and Tate (2005), is gauged via the keywords from press protrayals. Investor’s overconfidence, referring to Weber (1998) and Tsai (2006), is gauged via the relative trading turnover drived by changes in returns. Using 767 mergers in the sampling period 1997-2010 we find that managerial overconfidence is positively correlated with the odds of completing a merg
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林倖如. "Overconfidence and Asymmetric Information." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/02986078379621343845.

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碩士<br>國立清華大學<br>科技管理研究所<br>93<br>Overconfidence is the most common concept of behavioral finance to explicate the decision making and investment behavior, and it is also the conundrum cared by many financial savants. Furthermore, some savants imagine overconfidence is the most tested detection. This research intends to appraise behavior pattern of investors are overconfident informed traders under asymmetric information to find decision making of investors and anomalies more precisely. We show that when the numbers of informed traders increase, and the degree of overconfidence of informed trad
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Wang, Zi-fang, and 王子芳. "Discipline, Overconfidence and Performance." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/04854763401711459484.

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碩士<br>國立高雄第一科技大學<br>財務管理研究所<br>99<br>In this paper, our sample are from individual investors who trade Taiwan Weighted Stock Index (TAIEX) futures in the Taiwan Futures Exchange (Taiwan Futures Exchange, TAIFEX). We use overconfidence and discipline measures for quantifying the individual&apos;&apos;s abilities of overconfidence and discipline, exam the correction of overconfidence, discipline and performance. Empirical results show that the lower the overconfidence of investors, the better the risk-adjusted performance and performance of its. The higher discipline of investors, the larger t
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Chang, Li-Jen, and 張立人. "Managerial Overconfidence and Acquisition Decision." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/52719391048947350584.

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碩士<br>國立臺灣大學<br>國家發展研究所<br>98<br>This study examines the effect of CEO overconfidence on merger decisions and the corresponding market responses. Overconfident CEOs tend to overestimate their ability in generating value. Hence, there is a greater chance that they conduct more mergers with a lower-than-average quality and sequentially poorer market responses. We study 673 US firms and their merger bids during 1996 and 2006. The empirical results show that overconfident CEOs are more likely to conduct mergers. This is more evident when the overconfident CEOs are in firms with lower managerial po
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Cheng, Wen-Hsine, and 鄭文賢. "Managerial Overconfidence and Catering Effect." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/13177941495757417841.

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碩士<br>國立雲林科技大學<br>財務金融系<br>102<br>Baler and Wurgler (2004) proposed the famous cater to the theory put forward to meet the famous theory, there are three main factors to cater to the theory: (1) lack of information, the company distributed dividends, with the changing needs of time ; (2) limit arbitrage demand will affect prices; (3) catering investor demand. This paper attempts from the investor's point of view to study the needs of managers dvidends payment motivation. Assuming investor demand for dividends over time, preferences change, so managers will cater to investors of the needs of ch
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Chen, Wen-Chun, and 陳文郡. "Managerial Overconfidence and Risk Management." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/42383079122076564718.

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碩士<br>國立暨南國際大學<br>財務金融學系<br>102<br>Using the S&P 1500 non-financial firms over the period 2004 to 2012, this study examines the impacts of managerial overconfidence on corporate risk management, including hedging willingness and hedging extent. The results indicate that firms with overconfident CEO or CFO have significant lower incentive to hedge and hedging extent. When testing the impact of overconfident Chief Executive Officer (CEO) and Chief Financial Officer (CFO) simultaneously, we find overconfident CEO have more influence on the incentive to hedge than overconfident CFO, but overconfid
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Chang, Shih-Ting, and 張詩婷. "Managerial Overconfidence and Earnings Management." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/11951047090654349587.

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碩士<br>國立高雄應用科技大學<br>金融資訊研究所<br>101<br>Using panel data on publicly traded Taiwan companies from 2006 to 2011, this study investigates the impacts of managerial overconfidence on earnings managements. We define managers as overconfident if they persistently increase their stockholdings. We also analyze how macroeconomic conditions affect earnings managements and whether the effect differs between overconfident and rational managers. The empirical results show that overconfident managers exhibit significantly less degree of earnings managements than rational managers. Besides, as GDP growth
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Cheng, Yu-Ching, and 鄭玉青. "The Determinants of Individual Overconfidence." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/46637112086822362531.

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碩士<br>輔仁大學<br>金融研究所<br>94<br>We develop a self-attribution bias model testing whether investors’ overconfidence come from the inner individual characteristics or breed by the experience. In Gervais and Odean(2001)’s muti-period market model, an investor’s overconfidence comes from the self-attribution learning bias. If an trader’s confidence comes from the inner individual characteristics, then his trading would not be affected by the performance of last period. The second part of our study is about how investor sentiment affects investors trading behavior and would investor sentiment lead to
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Chen, Yun-Ying, and 陳雲英. "Managerial Overconfidence and Earnings Quality." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/13091880793294118961.

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碩士<br>國立中興大學<br>高階經理人碩士在職專班<br>104<br>Due to the scarcity of resources, investors and creditors must carefully evaluate companies'' risk before making their relevant decisions. However, the information asymmetry between outside capital providers and managers may lead to adverse selection and moral hazard problems. Financial reporting is generally considered to be an important tool to reduce agency costs caused by information asymmetry. Although earnings quality is an important characteristic of financial reports that affects allocation of resources, individual manager characteristics actually
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Liu, Cheng-Chi, and 劉承啟. "CEO overconfidence and IPO underpricing." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/90668756870056296233.

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碩士<br>元智大學<br>財務金融暨會計碩士班(財務金融學程)<br>104<br>This paper examines the relationship between CEO confidence and IPO underpricing. From a large body of literature, we know that there are many factors that affect underpricing, and the main explanation for underpricing is asymmetric information theory. Lowry and Murphy (2007) try to find a relationship between underpricing and IPO options, Chahine and Goergen (2011) also try to find a relationship between the two by considering board independence, and the power of the CEO, and venture capitalists. However, this paper focuses on underpricing from a dif
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HUNG, JUI-YI, and 洪瑞怡. "Managerail Overconfidence and Stock Repurchase." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/29384534725319480095.

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碩士<br>輔仁大學<br>管理學研究所<br>98<br>In this study I use 783 listed firms comprising 2744 share repurchase programs in the period from August 2000 through December 2008 to examine how managerial overconfidence affects firm’s engagement in share repurchases. The proxy of managerial overconfidence refers to Brown and Sarma (2007) using press portrayals. The proxies of overconfidence are gauged by the relative proportion of the words of confidence and optimism shown in the press to the words of non-confident, conservative, pessimistic, frugal, non-optimistic etc. The empirical results are summarized as
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CHANG, SHU-LING, and 張淑玲. "Managerial Overconfidence and Conference Calls." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/kkns3f.

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博士<br>國立雲林科技大學<br>財務金融系<br>106<br>This study examines the relation between managerial overconfidence and conference calls. Prior studies document that managers consider a variety of costs and benefits when deciding whether to disclosure firm’s material information and this decision is affected by the characteristic of the decision makers. Overconfidence, as an important feature of managers, has become studied in the academic literature in the recent years. Managers tend to be overconfident because they believe that they have more precise knowledge about future events than they actually have. O
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Liu, Cheng-Chun, and 劉成駿. "CEO Overconfidence and Takeover Probability." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/7b842u.

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碩士<br>國立臺灣大學<br>財務金融學研究所<br>107<br>According to previous research, investment decisions made by over-confident CEOs are subject to cash resources. Over-confident CEOs tend to over-estimate their investment decisions. Moreover, when needing external financing, they must bear the higher cost of capital. So, Over-confident CEOs give priority to bonds when they have external financing needs. Therefore, they are prone to generating more debts than general CEOS do. In this summary, If a company has sufficient internal funds, CEO has the possibility of over-investment. But if it is necessary to exter
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JI, HONG-JHENG, and 紀洪政. "Overconfidence CFOs and Firm Performance." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/e85psv.

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碩士<br>國立雲林科技大學<br>財務金融系<br>106<br>Literature show that overconfidence executives may lead to the distortions of corporate investment. Overconfident executives overestimate their return of the investment projects and think external funds as overpricing. Therefore, they overinvest when they have sufficient internal funds but reduce investment if they need to request external fund. By using the sample of S&P 500 firms, this study investigates the relation of overconfident CFOs and investment. The CFOs are regarded as overconfident if they hold in-the-money options. The results show that overconfi
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Wu, Yi-Ju, and 吳易儒. "A Study of the Managers’ Overconfidence." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/44pn4x.

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碩士<br>國立臺北科技大學<br>經營管理系碩士班<br>101<br>Overconfidence has been widely document in the both psychology and financial literature. However, previous empirical researches have mainly focused on the market data to analyze the investors’ behavior in Taiwan stock market. Only a few studies have been looked into the investors’ other psychological biases and demographic information(gender, age, income, education…). In addition, these characteristics may have some effects on the investors’ trading behavior. Therefore, this study explores overconfidence not only via market data but personal characteristics
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Wan-Ni, Shih, and 施宛妮. "Managerial overconfidence and the debt-equity." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/16940820846161971106.

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碩士<br>輔仁大學<br>企業管理學系管理學碩士班<br>99<br>In this paper, we examine the relation between managerial overoptimism and the Debt-Equity choice. If managers are subject to overoptimistic in the future, they are more likely to financing equity. And in this condition, the managerial behavior could be effect on the stock price and stock performance. Analyzing two different kind of sample of listed companies in Taiwan, we propose a measure of managerial overoptimism from the relative proportion of the words of confidence and optimism shown in the press to the words of non-confident, conservative, pessimisti
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Wang, Pao-Chien, and 王寶茜. "Corporate Financing Decisions and CEOs Overconfidence." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/13268858333874779743.

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碩士<br>國立臺灣大學<br>財務金融學研究所<br>99<br>The determinants of financing policies have been extensively discussed in financial literatures. However, even companies with similar fundamentals have different choices of financing policies after considering the taxes, bankruptcy costs, and asymmetric information. To explain the residual variation in debt conservatism and pecking order theory, recent literatures propose that managerial beliefs may be one of the crucial factors. By using the late option exercise of CEOs as a measure of overconfidence, we test if overconfident CEOs underutilize debt. We also t
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WU, TING-YEN, and 吳亭諺. "Managerial Overconfidence and Capital Structure Adjustment." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/13525715319332362951.

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碩士<br>國立臺北大學<br>統計學系<br>104<br>Studies show that the managers will be conditioning the financing strategy on the target capital structure, and adjust the capital structure toward its target. This study aims to figure out how overconfident CEOs manage leverage toward a target through time. We find that managerial overconfidence will lead to an increase in adjustment speed for over-levered firms, while no evidence showing the association between overconfidence and adjustment for under-levered firms. We further find that over-levered firms with overconfident CEOs will speed up capital structure a
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Chou, Cheng-Ping, and 鄒正平. "CEO Overconfidence and Financial Report Restatements." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/14923355699684690609.

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碩士<br>國立中興大學<br>高階經理人碩士在職專班<br>104<br>Continued global corporate accounting fraud cases in recent years, such as Enron, WorldCom, United States International Group (AIG), Kanebo, Olympus, Toshiba, false financial statements, fraud and scandal, from 2001 in United States and Japan. These financial statements fraud caused the stock market shock, panic of the investing public, makes the investing public for the preparation of the financial statements of enterprises the reliability and authenticity, and had a great question. Purposes of the preparation of the financial statements provides financia
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LU, SEN-MENG, and 鹿森夢. "CEO Overconfidence and Corporate Social Responsibility." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/83992040617340084198.

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碩士<br>國立高雄應用科技大學<br>財富與稅務管理系<br>104<br>Overconfidence is one of the characteristics of the managers. At the same time, managerial overconfidence plays an important role in business decision-making and the involvement of corporate social responsibility. Nowadays, affected by the global trend of sustainable development, many developed countries put emphasis on the coexisted relation between companies and society. Corporate social responsibilities have been an important factor for sustainable development. This thesis mainly explores how the managerial overconfidence influces the corporate social
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Chia-Hsuan, Tsai, and 蔡嘉軒. "Managerail overconfidence and dividend payout policy." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/28002426733984077193.

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碩士<br>輔仁大學<br>管理學研究所<br>98<br>Using 1,134 listed firm in 2000-2008 period I investigate how managerial overconfidence gauged by the press-based proxy of Brown and Sarma (2006) affects firm’s dividend policy. Prior studies illustrate two opposing threads: managerial overconfidence might be negatively correlated with dividend payout due to reserving internal cash for promising investment; managerial overconfidence might be positively correlated with dividend payout due to managers’ optimism about firm’s capability of generating stable and sufficient cash flows. The empirical results support the
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Chen, Wei-Hua, and 陳威樺. "Managerail overconfidence and research and development." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/30262686421801790386.

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碩士<br>輔仁大學<br>管理學研究所<br>98<br>Research and development (R&D) is one of the key factors for firms to grow, to be sustainable, and to cultivate competitive advantage in both technology and product markets. However, the impact of R&D is obscure and sometimes untraceable, which fits to the condition that managerial overconfidence might affect its decision.   Using the press-based proxy of managerial overconfidence of Brown and Sarma (2006) I investigate whether managerial overconfidence affect firm’s R&D decisions in the 2000-2008 sampling period. The results show that the R&Ds launched by overcon
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Hsu, Wei-Man, and 許瑋蔓. "Corporate Investment Policy and CEO Overconfidence." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/37832992614699442558.

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碩士<br>臺灣大學<br>財務金融學研究所<br>98<br>Prior studies examine the relation between executive overconfidence and corporate investment decisions, and demonstrate that CEO overconfidence effect can explain for investment distortions. In this study, we reexamine the impact of managerial overconfidence on the sensitivity of corporate investment to cash flow under a modified stock option exercise-based overconfidence measure derived from Campbell, Johnson, Rutherford, and Stanley (2009) and further investigate the effect of corporate investment distortion due to managerial overconfidence on subsequent opera
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LIN, CHING-HSUAN, and 林景暄. "Managerial Overconfidence and Corporate Social Responsibility." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/daf8x2.

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碩士<br>國立彰化師範大學<br>財務金融技術學系<br>105<br>Based on data of 1,484 listed nonfinancial firms on the Taiwan Stock Exchange and Taipei Exchange through 2005~2015, this paper examines the linkage between the degree of managerial overconfidence and firm’s performance on Corporate Social Responsibility. While existing literature has mentioned that firm’s financial characteristics, board composition have influences firm’s CSR investment, the degree of managerial overconfidence may influence CSR investment through how downside risk may emerge perceiving by the management. Specifically, while CSR acts as per
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Hsiao, Sheng-Rung, and 蕭聖融. "CEO Overconfidence and Financial Reporting Quality." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/x27nwt.

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碩士<br>輔仁大學<br>金融與國際企業學系金融碩士班<br>106<br>This paper explores the effects of CEO overconfidence on financial reporting quality by U.S. stock markets data from 2000 to 2014. The empirical results show that, ceteris paribus, the behavior of low overconfidence managers has significant and positive influences on financial report readability. The behavior of high overconfidence managers has insignificant influences on financial report readability. The reason is that if managers are low-overconfident, they will decrease investment behavior to make financial report more readable. In addition, this study
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ONG, WEI CHEN, and 王偉權. "CEO Overconfidence and Corporate Hedging Activities." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/47p99a.

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碩士<br>輔仁大學<br>金融與國際企業學系金融碩士班<br>106<br>This paper explores the relation between CEO overconfidence and corporate hedging activities by Taiwan stock markets data from 2009 to 2014.The empirical results show that the high-overconfident CEO negatively relates to corporate hedging activities. It means that the CEOs with highly overconfident personality traits in the company tend to overestimate their ability to predict the future, therefore they will not be using hedging in the process of investing heavily in high risk financial instruments. After adding control variables, the empirical results st
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Lin, Pei-Yu, and 林沛瑜. "Managerial Overconfidence and Seasoned Equity Offerings." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/vy233g.

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碩士<br>國立彰化師範大學<br>財務金融技術學系<br>106<br>This paper explores whether managerial overconfidence will influence seasoned equity offerings decision. I collect the information of seasoned equity offerings from Taiwan stock market. The sample period is from 2000 to 2016. The results indicate overconfident managers tend to launch seasoned equity offerings. The results also show that overconfident managers will launch seasoned equity offerings during higher stock return. Overconfident managers are less likely to launch seasoned equity offerings when firms are lack of internal funds.
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Hung, Tzu-Chun, and 洪子峻. "CEO Overconfidence Propagation in Supply Chain." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/gs26ve.

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碩士<br>元智大學<br>財務金融暨會計碩士班(財務金融學程)<br>106<br>This paper examines the CEO overconfidence propagation in supply chain. Our sample includes 1202 firms in U.S. during 1994 to 2016. Using the overconfidence measure proposed in Malmendier and Tate (2005a, 2005b, 2008), we find that it is evident that CEO overconfidence propagates in supply chain. Overconfidence of customer CEOs will increase the propensity of overconfidence of suppliers’ CEOs. In addition, during recession, this propagation effect declines significantly. We also perform two robustness checks to certify our results. First, we examine t
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RendySentosa and 王孟涛. "CEO Overconfidence and Cost of Equity." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/4z59px.

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Yu, Tzu-Yi, and 游子誼. "Managerial overconfidence and pension plan management." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/27pk52.

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碩士<br>國立交通大學<br>財務金融研究所<br>106<br>In this paper, we examine the effect of managerial overconfidence on defined benefit pen-sion plan management. Our findings show that overconfident executives show their expectation and belief on actuarial pension assumptions by using aggressive assumption choices. Mean-while, our findings show that there is no difference between overconfident managers and non-overconfident managers on risk-tanking behavior. In other words, we argue the belief of managerial overconfidence in actuarial pension assumptions could be separated from the corre-sponding risk-taking b
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Lin, Hsiao-Chien, and 林曉謙. "Overconfidence, Informed Trading and Product Market Competition." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/25758098127371195214.

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碩士<br>輔仁大學<br>金融研究所<br>94<br>In recent years, there are some papers try to discuss corporate strategies with integrated point of view. For example, Han, Chian-Shan (2004) states that there are important linkages between product market and insider trading. Corporate manager is not only the management but also insider of a company. This makes the issues that combine insider trading and product market competition very interesting. This paper continues the former research about insider trading and product market competition but put more weight on manager’s behavior. That’s because lots of surveys
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Meng-Chin, Hsieh, and 謝孟芹. "Overconfidence and Withdrawal of Merge and Acquisition." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/p7tr2h.

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碩士<br>東吳大學<br>企業管理學系<br>103<br>Merger is one of the mains method for companies to pursue growth and expand rapidly, while the CEO’s attitude plays a big role in acquisition. However, irrational behavior will not only damages the growth of the company, but also bring negative impact on stock price. Previous studies found that there are negative abnormal returns resulting from announcement of merger by overconfident CEOs. This study examined the impact of overconfidence CEO and merger withdrawal announcement from different perspectives using 344 samples of American public firms between 1997 and
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Tzeng, Shiow-Hwan, and 曾秀環. "Firm’s Size, Overconfidence and Disposition Effect:Taiwan Evidence." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/xyp33y.

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碩士<br>樹德科技大學<br>金融系碩士班<br>103<br>In this dissertation we study the difference of disposition effects and overconfidence phenomenon between the large (before 10%) and small (after 10%) size firms by the measures suggested by Weber and Camerer (1998) and Tang(2013) etc. Furthermore, we also investigate whether these effects are influenced by the market conditions (bull or bear market) in that time. The sample includes all the companies listed in Taiwan Stock Exchange, and the sample period is from May 2008 to December 2012. Our empirical results show that: First, the disposition effect of large
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Yang, Ting-Fang, and 楊廷芳. "CEO Overconfidence and M&A Performance." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/76110506937873302823.

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碩士<br>銘傳大學<br>國際企業學系碩士班<br>97<br>This study investigates how managerial overconfidence affects M&A performance in publicly traded firms in Taiwan. The frequency of M&As the manager engaged during his tenures [Doukas and Petmezas (2007)] , the management earnings forecasts [Lin, Hu and Chen(2005, 2007)] , the manager held the stocks during his tenures [Malmendier and Tate (2005a)], and, the premium of M&As [Antonious, Arbour and Zhao(2008)] are used as the proxy variables of managerial overconfidence in this study. The results show there is significantly positive less M&A abnormal stock return
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Lin, Wen-wei, and 林文偉. "The Study of Analysts' Overoptimism and Overconfidence." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/43443492355446557928.

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碩士<br>國立臺灣科技大學<br>財務金融研究所<br>97<br>The purpose of this study comprehend the relationship between overoptimism and overconfidence when analysts forecast earnings, the results found that prior to the Sarbanes-Oxley Act, analysts forecast exist overoptimism, and when analysts receive a better message and recession, the degree of overoptimism is more serious. In addition, also found that prior to the Sarbanes-Oxley, analysts overweight their private information in their earnings forecast, and when analysts receive a better message, the overweight bias comes from incentives hypothesis. To meet the
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YANG, WEI-LING, and 楊薇齡. "Family Ownership, CEO Overconfidence, and Investment Policy." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/09445071536327011348.

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碩士<br>國立臺北大學<br>企業管理學系<br>104<br>This study examines the influence of family ownership on overconfident CEOs. The literature suggests that because family owners of firms seek to leave family businesses to their descendants, they are more likely to be risk averse to maintain firm stability and survival. This study’s analysis of S&P 1500 firms from 2001 to 2010 shows that overconfident CEOs, who overestimate future cash flow of investment project and underestimate project risk, leading to overinvestment, will be affected by the conservative tendency of the family firms and reduce their overinves
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Ho, Kun-Fang, and 何昆芳. "The Relationships between CEO Overconfidence and Innovation." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/76181344321946168457.

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碩士<br>國立中興大學<br>高階經理人碩士在職專班<br>104<br>Abstract Undoubtedly, the core competitiveness of some companies lies on innovation. The application of the new way of doing business, developing new technologies, or offering new products and services, are the risks and challenges for an innovation project. Without innovation, a company will just be waiting to be beaten or defeated by the emerging rival. Way back in 1934 in Schumpeter''s study, the model has proven to be successful that innovation is the way for an enterprise to obtain an excessive profits, and the key to avoid for being eliminated. Espec
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Reis, Leonor Alves Minhós dos. "Political ideology and overconfidence in decision-making." Master's thesis, 2020. http://hdl.handle.net/10400.14/29672.

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This dissertation aims to analyze the correlation between overconfidence and political ideologies. Because we live in the European Union that is facing social and economic disintegrations as well as new challenges, it’s more usual to see the arising of more extreme, radical political ideologies. In this paper it is studied, based on previous literature, how conservatives/right-wing parties might display higher amounts of overconfidence bias than liberals/left-wing parties. With the assistance of an online survey, overconfidence is tested not only in financial literacy but also in decision maki
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Lin, Wan-Ting, and 林婉婷. "CEO Overconfidence and Types of Turnaround Initiatives." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/11971346312034692581.

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碩士<br>國立臺灣大學<br>會計學研究所<br>104<br>This thesis examines the effect of CEO overconfidence on the choice of turnaround initiatives. Using a sample of distressed firms in S&P 1500 from 2002 to 2013, the results show that overconfident CEOs are less likely to implement extensive operating initiatives in response to declining performance; i.e., they are less likely to employ ‘threat-rigidity’ responses. We also find that there is no significant difference of preference between short-term and long-term strategic turnaround initiatives for overconfident CEOs.
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