- Author : Bilgehan Tekin
- Publisher :
- Release : 2019
- ISBN :
- Pages : 32 pages
Overconfidence and Effect on Firm Financial Decisions in the Context of Behavioral Corporate Finance
Download or read book Overconfidence and Effect on Firm Financial Decisions in the Context of Behavioral Corporate Finance written by Bilgehan Tekin and published by . This book was released on 2019 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study it is examined the effect of managerial overconfidence on financial decisions. The financial decisions that into account in this research are consist of capital structure, investment and dividend payment. Survey method was used for data collection purpose. The survey contains questions that measure overconfidence and to obtain information about financial decisions and about the participants. The study covers 255 companies operating in Istanbul. Parametric and nonparametric hypothesis tests were performed to analyze the data. As a result of the study, found that the managers had a high degree of overconfidence bias and this bias had a certain level of influence on the financial decisions.