Managerial overconfidence and corporate resilience

Ximeng Zhang, Deqing Liu and Jie Chen

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: This study selects the data of China's A-share listed enterprises from 2016 to 2022 to analyze the consequences of the role of managerial overconfidence on the strength of China's corporate resilience. The results show that managerial overconfidence positively affects corporate resilience. Compared with enterprises with low analyst attention, the impact of managerial overconfidence on corporate resilience is more significant in enterprises with high analyst attention. Compared with state-owned enterprises, the impact of managerial overconfidence on corporate resilience is more significant in non-state-owned enterprises.

Keywords: Firm resilience; Managerial overconfidence; Analyst attention; Nature of property rights (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s154461232400117x

DOI: 10.1016/j.frl.2024.105087

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