Mochamad Ali Fudin Al Islami, - and Muhammad Madyan, - (2020) The Effect Of Managerial Overconfidence On Corporate Investment. Manajemen Bisnis, 10 (1). pp. 49-57. ISSN 2089-0176, eISSN: 2655-2523

	Text (Artikel) Moh Madyan_Artikel404_The Effect Of Managerial.pdf Download (4MB)
	Text (Peer Review) Moh Madyan_Peer Review404.pdf Download (1MB)

Abstract

The research aims to analyze the impact of managerial overconfidence on corporate investment (investment scale, overinvestment and underinvestment) using companies listed in Indonesia’s Stock Exchange in 2012-2018 as a sample. The analysis method used Ordinary Least Square and robustness test used Maximum Likelihood Estimation. The result shows that managerial overconfidence has a significantly positive impact on the corporate investment scale. It means that managerial overconfidence makes overinvestment problem more severe (more inefficient) and underinvestment problem less severe (more efficient).

Item Type:	Article
Uncontrolled Keywords:	managerial overconfidence, overinvestment, underinvestment
Subjects:	H Social Sciences H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation
Divisions:	04. Fakultas Ekonomi dan Bisnis > Manajemen
Creators:	Creators NIM Mochamad Ali Fudin Al Islami, - UNSPECIFIED Muhammad Madyan, - NIDN0004017104
Depositing User:	Tn Sugeng Riyanto
Date Deposited:	14 Mar 2022 00:31
Last Modified:	14 Mar 2022 00:31
URI:	http://repository.unair.ac.id/id/eprint/114094
Sosial Share:

Actions (login required)

View Item