Publicação
CEO overconfidence and leverage ratio: evidence from the founder members of Mila
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Mongrut, Samuel | |
| dc.contributor.advisor | Custódio, Cláudia | |
| dc.contributor.author | Delfino, Cinzia Laura | |
| dc.date.accessioned | 2016-03-15T11:05:08Z | |
| dc.date.available | 2016-03-15T11:05:08Z | |
| dc.date.issued | 2016-01 | |
| dc.description.abstract | The study investigates the impact of the managerial overconfidence bias on the capital structure of a sample of 78 firms from Chile, Peru and Colombia, during the years 1996-2014. We infer that there is a positive relation between the leverage ratio and a) the overconfidence; b) the experience and c) the male gender of the executive. Overconfidence is measured according to the status of the CEO (entrepreneur or not-entrepreneur) and the hypotheses are tested through dynamic panel data model. The empirical results show a highly significant positive correlation between overconfidence and leverage ratio and between gender and leverage ratio while, in contrast, the relation between experience and leverage ratio is negative. | pt_PT |
| dc.identifier.tid | 201524740 | |
| dc.identifier.uri | http://hdl.handle.net/10362/16782 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Behavioural finance | pt_PT |
| dc.subject | Overconfidence | pt_PT |
| dc.subject | Capital structure. | pt_PT |
| dc.title | CEO overconfidence and leverage ratio: evidence from the founder members of Mila | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics | pt_PT |