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dc.contributor.author黄莲琴
dc.contributor.authorLianqin Huang
dc.contributor.author魏来
dc.contributor.authorLai Wei
dc.date.accessioned2016-05-03T01:21:52Z
dc.date.available2016-05-03T01:21:52Z
dc.date.issued2015-12
dc.identifier.citation当代会计评论,2015,8(2):24-42zh_CN
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/98261
dc.description.abstract【中文摘要】本文以2002~2011年中国A股上市公司为样本,考察了高管过度自信和政治关系对公司资本投资水平的影响。研究发现,高管所拥有的政治关系对其过度自信的认知偏差具有正向效应,且随着政治关系强度的提升,其过度自信的倾向也加大。过度自信管理者使其政治关系与公司投资之间的敏感性增强,加大了公司的投资水平;与代表类政治关系相比,官员类政治关系与其过度自信对公司投资的正向影响更大、更显著;而对于不同产权的公司而言,国有公司的高管过度自信与政治关系对公司投资的影响效应更大。 【Abstract】The paper examines the effects of top management overconfidence and political connection on corporate investment with a sample of A-share listed firms for the period from 2002 to 2011. The result shows that political connection has a positive effect on cognitive bias of managerial overconfidence. Top management overconfidence increases not only the sensitivity of corporate investment to political connection, but also the level of corporate investment. Compared with the representative type of political connection, the government official type of political connection results in overconfidence that hss a stronger and more significant effect on corporate investment. Furthermore, top management overconfidence and political connection of state-owned companies produce a stronger effect on corporate investment.zh_CN
dc.description.sponsorship教育部人文社会科学研究规划基金项目“非理性视角下社会网络与资本配置效率研究”(项目编号:11YJA630035)、 福州大学科技发展基金资助项目“非理性视角下政治联系与公司投资效率研究”(项目编号:13SKQ01)zh_CN
dc.language.isozhzh_CN
dc.publisher厦门大学《当代会计评论》编辑部zh_CN
dc.subject高层管理者zh_CN
dc.subject过度自信zh_CN
dc.subjecttop management overconfidencezh_CN
dc.subject政治关系zh_CN
dc.subjectpolitical connectionzh_CN
dc.subject资本投资zh_CN
dc.subjectcorporate investmentzh_CN
dc.title高管过度自信、政治关系与资本投资水平zh_CN
dc.title.alternativeTop Management Overconfidence,Political Connection and Corporate Investmentzh_CN
dc.typeJournal Paperzh_CN


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