Title :
An Empirical Research on Manager Overconfidence and Acquisition Decision in China
Author :
Lei, Hui ; Wu, Chan
Author_Institution :
Sch. of Bus. Adm., Hunan Univ., Changsha, China
Abstract :
Based on behavioral finance perspective, this paper did a study theoretically and empirically on the relationship between the characteristics of general manager overconfidence and M & A. The research shows: the degree of general manager overconfidence is positively related with M & A, which means, general manager overconfidence is an important factor which drives M & A.
Keywords :
corporate acquisitions; decision making; China; acquisition decision; behavioral finance perspective; general manager overconfidence; mergers; Companies; Corporate acquisitions; Economics; Finance; History; Industries;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5578308
