Managerial Overconfidence, Independent Director System and Financing Structure-Based on Empirical Evidence of Chinese Textile Listed Companies

被引：0

作者：

Yang, Sun-Lei ^{[1
]}

Qin, Yi-Ling ^{[1
]}

机构：

[1] Wuhan Text Univ, Sch Accounting, Wuhan, Hubei, Peoples R China

来源：

2016 INTERNATIONAL CONFERENCE ON MANAGEMENT, ECONOMICS AND SOCIAL DEVELOPMENT (ICMESD 2016) | 2016年

关键词：

Managerial Overconfidence; Independent Director System; Financing Structure; Textile listed company;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examined that managerial overconfidence and independent director system influenced on company's financing structure with method of regression analysis, by using data of Chinese textile listed companies in 2008-2012. The conclusion shows that the higher the degree of managerial confidence is, the company is more likely to finance debt on financing structure, and the higher independent director's proportion is, while the asset- liability ratio is lower. The innovation of this paper is based on new perspective of psychological characteristics of managerial overconfidence to discuss about the influence on company's financing structure.

引用

页码：35 / 40

页数：6

共 50 条

[21] Research on the Factors Influencing on the Selective Tendency of Financing Method-Based on the Listed Companies' Empirical Evidence in China
Cao, Qin
Li, Yang
Liu, Jia-hui
[J]. 3RD INTERNATIONAL CONFERENCE ON ECONOMICS AND MANAGEMENT (ICEM 2016), 2016, : 31 - 35
[22] The Impact of Managerial Power on Cost Stickiness-Based on Empirical Evidence from Chinese Listed Company
Guo, Ruining
Li, Ziyang
Zhou, Xiaosong
He, Yu
[J]. 2021 7TH INTERNATIONAL CONFERENCE ON INFORMATION MANAGEMENT (ICIM 2021), 2021, : 30 - 34
[23] An empirical analysis on stock ownership structure of Chinese listed companies - New evidence from tourism industry
Zhu Zhe
Hu Wei
[J]. MODERN FINANCE AND GLOBAL TRADING COOPERATION: PROCEEDINGS OF THE 5TH INTERNATIONAL ANNUAL CONFERENCE ON WTO AND FINANCIAL ENGINEERING, 2008, : 551 - 556
[24] Large shareholders, legal institution and capital structure decision Empirical evidence from Chinese listed companies
Xiao Zuoping
[J]. NANKAI BUSINESS REVIEW INTERNATIONAL, 2010, 1 (01) : 59 - 86
[25] Empirical Study on the Financing Behavior Preference of the A-Share Listed Companies from Chinese Shanghai and Shenzhen Based on Earnings
Yu, Miao
Xiao, Zhen-Hong
[J]. PROCEEDINGS OF THE 2016 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND MANAGEMENT INNOVATION, 2016, 10 : 141 - 144
[26] Executive Overconfidence and R&D Expenditure -Empirical Evidence Based on Data of Small and Medium-sized Listed Companies in China
Yan Yong-hai
[J]. 2010 2ND IEEE INTERNATIONAL CONFERENCE ON INFORMATION AND FINANCIAL ENGINEERING (ICIFE), 2010, : 723 - 727
[27] Economic Benefits of Enterprise Resources Planning (ERP) -Based on Empirical Evidence from Chinese Listed Companies
Chen Songsheng
Yin Peipei
[J]. PROCEEDINGS OF 2010 INTERNATIONAL CONFERENCE ON LOGISTICS SYSTEMS AND INTELLIGENT MANAGEMENT, VOLS 1-3, 2010, : 1305 - 1308
[28] Ultimate Ownership Structure, Legal Investor Protections on Dividend Policies: Empirical Evidence from Chinese Listed Companies
Su Zhongqin
[J]. PROCEEDINGS OF THE 5TH INTERNATIONAL SYMPOSIUM FOR CORPORATE GOVERNANCE, BOOKS 1 AND 2, 2009, : 550 - 560
[29] RETRACTED: Executive Compensation Structure and Corporate Performance: An Empirical Evidence from Chinese Listed Companies (Retracted Article)
Hong, Zhang
[J]. 2009 IITA INTERNATIONAL CONFERENCE ON SERVICES SCIENCE, MANAGEMENT AND ENGINEERING, PROCEEDINGS, 2009, : 278 - +
[30] Pyramid Structure, Internal Capital Market and Financing Substitution-Empirical Analysis Based Listed Family Companies in China
Zhou Ying
Li Shuo
[J]. PROCEEDINGS OF THE 3RD (2011) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, VOLS 1 AND 2, 2011, : 44 - 48

← 1 2 3 4 5 →