The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study

نوع المستند : تجاریة کل ما یتعلق بالعلوم التجاریة

المؤلف

قسم المحاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر

المستخلص

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.

الكلمات الرئيسية

الموضوعات الرئيسية