Title :
Notice of Retraction
Managerial overconfidence and firm expansion: Evidence from China
Author :
Min Zhang ; Sheng Zhang ; Fusheng Yu
Author_Institution :
Sch. of Bus., Renmin Univ. of China, Beijing, China
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.
Using the data of Chinese publically traded firms, we examine the relationship between managerial overconfidence and firm expansion and find that managerial overconfidence is positively correlated with the rate of firm expansion. In particular, overconfident managers tend to internally expand firms in an aggressive manner. Also a negative, though not statistically significant, relationship exists between managerial overconfidence and M&A activity.
Keywords :
management; China; Chinese publically traded firm; firm expansion; managerial overconfidence; Biological system modeling; Educational institutions; Robustness; Firm expansion; Managerial overconfidence;
Conference_Titel :
Future Information Technology and Management Engineering (FITME), 2010 International Conference on
Conference_Location :
Changzhou
Print_ISBN :
978-1-4244-9087-5
DOI :
10.1109/FITME.2010.5654920
