Managerial Overconfidence and Debt Decision: Evidence from Malaysia

• Main Authors: Irene, Wei Kiong Ting, Noor Azlinna, Azizan
• Format: Article
• Language: English
• Published: Academic Research Online Publisher 2015
• Subjects: HD Industries. Land use. Labor; HD28 Management. Industrial Management
• Online Access: http://umpir.ump.edu.my/id/eprint/10184/1/fim-2015-azlinna-Managerial%20Overconfidence.pdf; http://umpir.ump.edu.my/id/eprint/10184/; http://www.aropub.org/wp-content/uploads/2015/08/Management-NCON-PGR-S02-004-CR.pdf; http://www.aropub.org/wp-content/uploads/2015/08/Management-NCON-PGR-S02-004-CR.pdf

This paper investigates the impact of managerial overconfidence and firm’s debt decision. Dynamic panel models are employed to examine the relationship between managerial overconfidence and debt decision of publicly listed companies in Malaysia for the period of 2002-2011. The objective of...