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Board Characteristics and Managerial Overconfidence in an Emerging Market

Yıl 2016, Cilt: 6 Sayı: 2, 529 - 537, 01.04.2016

Öz

This research investigates the relationship between board characteristics and managerial overconfidence of 107 listed companies in Tehran Stock Exchange during 2006-2012. In addition, financial data of the year 2005 have been used to calculate research variables. Furthermore, in order to examine the hypotheses, the research uses pooled/panel regression and ML-Binary Logit Model. Capital expenditure and overinvestment on assets criteria have been used to measure managerial overconfidence, and board size, board independence and CEO duality have been considered as board characteristics. The findings indicate that only board independence has negative and significant effect on managerial overconfidence. Besides, firm age as control variable has a direct and significant effect on capital expenditure.

Yıl 2016, Cilt: 6 Sayı: 2, 529 - 537, 01.04.2016

Öz

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Ayrıntılar

Diğer ID JA69AY56NM
Bölüm Araştırma Makalesi
Yazarlar

Shokrollah Khajavi Bu kişi benim

Golamreza Dehghani Bu kişi benim

Yayımlanma Tarihi 1 Nisan 2016
Yayımlandığı Sayı Yıl 2016 Cilt: 6 Sayı: 2

Kaynak Göster

APA Khajavi, S., & Dehghani, G. (2016). Board Characteristics and Managerial Overconfidence in an Emerging Market. International Journal of Economics and Financial Issues, 6(2), 529-537.
AMA Khajavi S, Dehghani G. Board Characteristics and Managerial Overconfidence in an Emerging Market. IJEFI. Nisan 2016;6(2):529-537.
Chicago Khajavi, Shokrollah, ve Golamreza Dehghani. “Board Characteristics and Managerial Overconfidence in an Emerging Market”. International Journal of Economics and Financial Issues 6, sy. 2 (Nisan 2016): 529-37.
EndNote Khajavi S, Dehghani G (01 Nisan 2016) Board Characteristics and Managerial Overconfidence in an Emerging Market. International Journal of Economics and Financial Issues 6 2 529–537.
IEEE S. Khajavi ve G. Dehghani, “Board Characteristics and Managerial Overconfidence in an Emerging Market”, IJEFI, c. 6, sy. 2, ss. 529–537, 2016.
ISNAD Khajavi, Shokrollah - Dehghani, Golamreza. “Board Characteristics and Managerial Overconfidence in an Emerging Market”. International Journal of Economics and Financial Issues 6/2 (Nisan 2016), 529-537.
JAMA Khajavi S, Dehghani G. Board Characteristics and Managerial Overconfidence in an Emerging Market. IJEFI. 2016;6:529–537.
MLA Khajavi, Shokrollah ve Golamreza Dehghani. “Board Characteristics and Managerial Overconfidence in an Emerging Market”. International Journal of Economics and Financial Issues, c. 6, sy. 2, 2016, ss. 529-37.
Vancouver Khajavi S, Dehghani G. Board Characteristics and Managerial Overconfidence in an Emerging Market. IJEFI. 2016;6(2):529-37.