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
收藏
页码：35 / 40
页数：6
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