Title :
Notice of Retraction
General Manager Overconfidence, Financial Constraints and Investment Decisions in Listed Company
Author :
Du Rui ; Li Yanxi ; Gao Rui
Author_Institution :
Sch. of Manage., Dalian Univ. of Technol., Dalian
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The present thesis constructs a financial constraint and overconfidence measure. On the basis of classifying the sample by the degree of overconfidence, we explore the influence of financing constrait and overconfidence on investment. It shows (1) overconfident managers often increase investment and financing constraints inhibites investment; (2) investment-financial constraint sensitivity with overconfident company is smaller than non-overconfident company and investment-cash flow sensitivity with overconfident company is more than non-overconfident company.
Keywords :
financial management; investment; financial constraints; general manager overconfidence; investment decisions; investment-cash flow sensitivity; investment-financial constraint sensitivity; listed company; Costs; Finance; Financial management; Industrial relations; Investments; Project management; Resource management; Stock markets; Technology management; Uncertainty;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
DOI :
10.1109/WiCom.2008.2358
