DocumentCode
535880
Title
Notice of Retraction
Managerial overconfidence and firm expansion: Evidence from China
Author
Min Zhang ; Sheng Zhang ; Fusheng Yu
Author_Institution
Sch. of Bus., Renmin Univ. of China, Beijing, China
Volume
1
fYear
2010
fDate
9-10 Oct. 2010
Firstpage
301
Lastpage
304
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.
Using the data of Chinese publically traded firms, we examine the relationship between managerial overconfidence and firm expansion and find that managerial overconfidence is positively correlated with the rate of firm expansion. In particular, overconfident managers tend to internally expand firms in an aggressive manner. Also a negative, though not statistically significant, relationship exists between managerial overconfidence and M&A activity.
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.
Using the data of Chinese publically traded firms, we examine the relationship between managerial overconfidence and firm expansion and find that managerial overconfidence is positively correlated with the rate of firm expansion. In particular, overconfident managers tend to internally expand firms in an aggressive manner. Also a negative, though not statistically significant, relationship exists between managerial overconfidence and M&A activity.
Keywords
management; China; Chinese publically traded firm; firm expansion; managerial overconfidence; Biological system modeling; Educational institutions; Robustness; Firm expansion; Managerial overconfidence;
fLanguage
English
Publisher
ieee
Conference_Titel
Future Information Technology and Management Engineering (FITME), 2010 International Conference on
Conference_Location
Changzhou
Print_ISBN
978-1-4244-9087-5
Type
conf
DOI
10.1109/FITME.2010.5654920
Filename
5654920
Link To Document