DocumentCode
3467948
Title
Notice of Retraction
General Manager Overconfidence, Financial Constraints and Investment Decisions in Listed Company
Author
Du Rui ; Li Yanxi ; Gao Rui
Author_Institution
Sch. of Manage., Dalian Univ. of Technol., Dalian
fYear
2008
fDate
12-14 Oct. 2008
Firstpage
1
Lastpage
4
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 present thesis constructs a financial constraint and overconfidence measure. On the basis of classifying the sample by the degree of overconfidence, we explore the influence of financing constrait and overconfidence on investment. It shows (1) overconfident managers often increase investment and financing constraints inhibites investment; (2) investment-financial constraint sensitivity with overconfident company is smaller than non-overconfident company and investment-cash flow sensitivity with overconfident company is more than non-overconfident company.
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 present thesis constructs a financial constraint and overconfidence measure. On the basis of classifying the sample by the degree of overconfidence, we explore the influence of financing constrait and overconfidence on investment. It shows (1) overconfident managers often increase investment and financing constraints inhibites investment; (2) investment-financial constraint sensitivity with overconfident company is smaller than non-overconfident company and investment-cash flow sensitivity with overconfident company is more than non-overconfident company.
Keywords
financial management; investment; financial constraints; general manager overconfidence; investment decisions; investment-cash flow sensitivity; investment-financial constraint sensitivity; listed company; Costs; Finance; Financial management; Industrial relations; Investments; Project management; Resource management; Stock markets; Technology management; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location
Dalian
Print_ISBN
978-1-4244-2107-7
Type
conf
DOI
10.1109/WiCom.2008.2358
Filename
4680547
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