زاهر, Ø. (2019). The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study. test, 41(3), 27-48. doi: 10.21608/zcom.2019.124018
أحمد محمد زاهر. "The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study". test, 41, 3, 2019, 27-48. doi: 10.21608/zcom.2019.124018
زاهر, Ø. (2019). 'The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study', test, 41(3), pp. 27-48. doi: 10.21608/zcom.2019.124018
زاهر, Ø. The effect of managerial overconfidence on debt financing decisions of Egyptian listed companies: empirical study. test, 2019; 41(3): 27-48. doi: 10.21608/zcom.2019.124018

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

مجلة البحوث التجارية
Article 8, Volume 41, Issue 3, July 2019, Pages 27-48    PDF (581.6 K)
Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة
DOI: 10.21608/zcom.2019.124018
Author
أحمد محمد زاهر*
قسم المحاسبة، کلية التجارة، جامعة الزقازيق، الزقازيق، مصر
Abstract
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.
Keywords
Managerial overconfidence; Leverage; debt financing
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