CEO Characteristics Enhancing the Impact of CEO Overconfidence on Firm Value After Mergers and Acquisitions - A Case Study in China
學年 108
學期 2
出版（發表）日期 2020-04-29
作品名稱 CEO Characteristics Enhancing the Impact of CEO Overconfidence on Firm Value After Mergers and Acquisitions - A Case Study in China
作品名稱（其他語言）
著者 Chia-Hsien Tang; Yen-Hsien Lee; Ming-Chih Lee; Ya-Ling Huang
單位
出版者
著錄名稱、卷期、頁數 Review of Pacific Basin Financial Markets and Policies 23(1), 2050003 (19 pages)
摘要 This study aims to explore whether various characteristics of chief executive officers (CEO) enhance the impact of CEO overconfidence on a firm’s value after mergers and acquisitions. The study finds that overconfident CEOs have a positive impact on firm value after mergers and acquisitions. The study also shows that overconfidence amongst CEOs can help to explain merger and acquisition decisions and the likelihood of pursuing acquisitions. Young CEOs were also found to significantly increase the impact of CEO overconfidence on a firm’s value after mergers and acquisitions, while female CEOs were found to be more risk averse when compared to their male peers, with lower leverage and less volatility in their firms when compared to firms run by male CEOs.
關鍵字 Overconfidence;corporate governance;mergers and acquisitions
語言 en
ISSN 1793-6705
期刊性質 國外
收錄於 SSCI EconLit
產學合作
通訊作者
審稿制度 否
國別 TWN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/118634 )

SDGS 優質教育