DocumentCode
3443365
Title
Notice of Retraction
Managers´ overconfidence, financing decision-making and company performance
Author
Ling Liu ; Yanxi Li ; Kejing Chen
Author_Institution
Fac. of Manage. & Econ., Dalian Univ. of Technol., Dalian, China
fYear
2013
fDate
15-18 July 2013
Firstpage
1997
Lastpage
2000
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The drawback of cognitive bias is manifested by managers because of their overconfidence. This makes negative impact on financing decision-making and company performance. This paper analyses relationships between overconfidence, financing decision-making and company performance. It also studies the overconfidence impact of managers on financing decision, and the impact of financing decision on company performance from two aspects, i.e. financing decision of capital structure and debt maturity structure. Our analysis shows that the cognitive bias indirectly affect the company performance through company financing decision behavior.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The drawback of cognitive bias is manifested by managers because of their overconfidence. This makes negative impact on financing decision-making and company performance. This paper analyses relationships between overconfidence, financing decision-making and company performance. It also studies the overconfidence impact of managers on financing decision, and the impact of financing decision on company performance from two aspects, i.e. financing decision of capital structure and debt maturity structure. Our analysis shows that the cognitive bias indirectly affect the company performance through company financing decision behavior.
Keywords
cognitive systems; decision making; financial management; cognitive bias; company performance; financing decision making; Companies; Correlation; Decision making; Economics; Educational institutions; Finance; Investment; company performance; financing decision-making; overconfidence;
fLanguage
English
Publisher
ieee
Conference_Titel
Quality, Reliability, Risk, Maintenance, and Safety Engineering (QR2MSE), 2013 International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4799-1014-4
Type
conf
DOI
10.1109/QR2MSE.2013.6625972
Filename
6625972
Link To Document