The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study | ||||
مجلة البØوث التجارية | ||||
Article 8, Volume 41, Issue 3, July 2019, Page 27-48 PDF (581.6 K) | ||||
Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة | ||||
DOI: 10.21608/zcom.2019.124018 | ||||
View on SCiNiTO | ||||
Author | ||||
Ø£Øمد Ù…Øمد زاهر* | ||||
قسم المØاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر | ||||
Abstract | ||||
Abstract This study aims at investigating the effect of managerial overconfidence on debt financing. Based on aconvenient sample of (125) companies drawn from Egyptian listed companies’ qualified population for a period from (2012 to 2017) to constitute (750) firm observation. And depending on appropriate panel data regression model. The hypothesis test result indicates that managerial overconfidence positively affects debt financing. In other words, overconfident managers are more likely to depend on debt finance than less confident managers. | ||||
Keywords | ||||
Managerial overconfidence; Leverage; debt financing | ||||
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