FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3133702982> ?p ?o ?g. }

• W3133702982 abstract "Objective: Overconfidence is an interdisciplinary concept related to the possibility of misjudgment in psychology. More importantly, management overconfidence is a concept derived from behavioral financing. Overconfidence can define unfounded belief in one's cognitive abilities, judgments, and intuitive reasoning. Overconfidence is one of the most important personality traits of managers that affect risk-taking companies in prioritizing their financial resources in terms of cost. Companies prefer to use the domestic budget and then the external financial resources as a last resort to issuing new shares. Because managers with overconfidence feel optimistic about the profitability of their business, they assume the capital market is underestimating their stock. In cases where the entity needs financing, they prefer financing through issuing bonds instead of issuing shares and think they may increase the wealth of shareholders by choosing debt with a short-time maturity. Overconfidence is irrational behavior, and corporate executives express it when making business decisions. The purpose of this study is to investigate the relationship between overconfidence management and investment efficiency with emphasis on the mediating role of internal financing In the companies listed on the Tehran Stock Exchange, TSE, over the period 2009-2018.  Methods: Data collection completed using modern software, financial statements of the TSE official website. To test the research hypotheses, we used a panel data model with Eviews software. In this research, the statistical sample consists of information and data of 101 companies from the TSE. This study tests five hypotheses. The logarithm of total assets was used to measure the control variable of company size, and the ratio of long-term debt to total assets to measure the financial leverage control variable.  Also, the ratio of net profit to total assets was used to assess the control variable of return on assets, and the ratio of net profit to equity to assess profitability.  Results: Overconfidence in management has a positive and significant relationship with internal financing. Internal financing has a positive and significant relationship with overinvestment and a negative and significant relationship with underinvestment. Internal financing does not have any mediating effect on the relationship between management overconfidence and investment efficiency. Control variables are firm size, financial leverage, return on assets, and profitability. The difference between earnings per share and real earnings per share measures the management distrust. The logarithm of the accumulated profit and legal reserves measure the variable of domestic financing, and investment efficiency is divided into two variables of over-investment and under-investment. Conclusion: As managers become more confident, their willingness to use internal resources increases, and as internal financing rises, managers tend to invest more. Manager's distrust is an essential factor in financing so that managers with overconfidence incline to raise domestic financing and investment more than others." @default.
• W3133702982 created "2021-03-15" @default.
• W3133702982 creator A5000603609 @default.
• W3133702982 creator A5044110287 @default.
• W3133702982 creator A5049161748 @default.
• W3133702982 date "2020-12-01" @default.
• W3133702982 modified "2023-09-27" @default.
• W3133702982 title "Investigating the Relationship between Overconfidence Management and Investment Performance with Emphasis on the Mediating Role of Internal Financing" @default.
• W3133702982 cites W1515837149 @default.
• W3133702982 cites W1530720894 @default.
• W3133702982 cites W1995153576 @default.
• W3133702982 cites W2061183024 @default.
• W3133702982 cites W2068518527 @default.
• W3133702982 cites W2141305723 @default.
• W3133702982 cites W2152288260 @default.
• W3133702982 cites W2156094085 @default.
• W3133702982 cites W2170790204 @default.
• W3133702982 cites W2171530240 @default.
• W3133702982 cites W2272719502 @default.
• W3133702982 cites W2590739862 @default.
• W3133702982 cites W2892409361 @default.
• W3133702982 cites W3121356635 @default.
• W3133702982 cites W3121786578 @default.
• W3133702982 cites W3122808314 @default.
• W3133702982 cites W3123142049 @default.
• W3133702982 cites W3123146197 @default.
• W3133702982 cites W3123840532 @default.
• W3133702982 cites W3124114405 @default.
• W3133702982 cites W3124374707 @default.
• W3133702982 cites W3124457260 @default.
• W3133702982 cites W3125047645 @default.
• W3133702982 cites W3125378410 @default.
• W3133702982 cites W3125510660 @default.
• W3133702982 cites W3125554563 @default.
• W3133702982 cites W2093851560 @default.
• W3133702982 cites W2273054899 @default.
• W3133702982 cites W3123443865 @default.
• W3133702982 doi "https://doi.org/10.22103/jak.2020.14894.3114" @default.
• W3133702982 hasPublicationYear "2020" @default.
• W3133702982 type Work @default.
• W3133702982 sameAs 3133702982 @default.
• W3133702982 citedByCount "0" @default.
• W3133702982 crossrefType "journal-article" @default.
• W3133702982 hasAuthorship W3133702982A5000603609 @default.
• W3133702982 hasAuthorship W3133702982A5044110287 @default.
• W3133702982 hasAuthorship W3133702982A5049161748 @default.
• W3133702982 hasConcept C10138342 @default.
• W3133702982 hasConcept C120757647 @default.
• W3133702982 hasConcept C129361004 @default.
• W3133702982 hasConcept C144133560 @default.
• W3133702982 hasConcept C15744967 @default.
• W3133702982 hasConcept C162118730 @default.
• W3133702982 hasConcept C162324750 @default.
• W3133702982 hasConcept C162853370 @default.
• W3133702982 hasConcept C17744445 @default.
• W3133702982 hasConcept C199539241 @default.
• W3133702982 hasConcept C200870193 @default.
• W3133702982 hasConcept C27548731 @default.
• W3133702982 hasConcept C39389867 @default.
• W3133702982 hasConcept C51110983 @default.
• W3133702982 hasConcept C77805123 @default.
• W3133702982 hasConcept C80515813 @default.
• W3133702982 hasConcept C94625758 @default.
• W3133702982 hasConceptScore W3133702982C10138342 @default.
• W3133702982 hasConceptScore W3133702982C120757647 @default.
• W3133702982 hasConceptScore W3133702982C129361004 @default.
• W3133702982 hasConceptScore W3133702982C144133560 @default.
• W3133702982 hasConceptScore W3133702982C15744967 @default.
• W3133702982 hasConceptScore W3133702982C162118730 @default.
• W3133702982 hasConceptScore W3133702982C162324750 @default.
• W3133702982 hasConceptScore W3133702982C162853370 @default.
• W3133702982 hasConceptScore W3133702982C17744445 @default.
• W3133702982 hasConceptScore W3133702982C199539241 @default.
• W3133702982 hasConceptScore W3133702982C200870193 @default.
• W3133702982 hasConceptScore W3133702982C27548731 @default.
• W3133702982 hasConceptScore W3133702982C39389867 @default.
• W3133702982 hasConceptScore W3133702982C51110983 @default.
• W3133702982 hasConceptScore W3133702982C77805123 @default.
• W3133702982 hasConceptScore W3133702982C80515813 @default.
• W3133702982 hasConceptScore W3133702982C94625758 @default.
• W3133702982 hasLocation W31337029821 @default.
• W3133702982 hasOpenAccess W3133702982 @default.
• W3133702982 hasPrimaryLocation W31337029821 @default.
• W3133702982 hasRelatedWork W23992315 @default.
• W3133702982 hasRelatedWork W2508262 @default.
• W3133702982 hasRelatedWork W26580274 @default.
• W3133702982 hasRelatedWork W26859513 @default.
• W3133702982 hasRelatedWork W41479144 @default.
• W3133702982 hasRelatedWork W4721356 @default.
• W3133702982 hasRelatedWork W7030566 @default.
• W3133702982 hasRelatedWork W20671851 @default.
• W3133702982 hasRelatedWork W20768011 @default.
• W3133702982 hasRelatedWork W23687336 @default.
• W3133702982 isParatext "false" @default.
• W3133702982 isRetracted "false" @default.
• W3133702982 magId "3133702982" @default.
• W3133702982 workType "article" @default.