The Relation between the CEO’s Behavior and Corporate Diversification

碩士 === 元智大學 === 財務金融學系 === 97 === This dissertation demonstrates how the overconfident chief executive officer’s behavior involves in the company operation. The data include those companies which listed in New York Stock Exchange (NYSE) from 1992 to 2007. The overconfident measurement is estimated b...

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Main Authors: Wei-Hao Tang, 唐唯皓
Other Authors: 沈仰斌
Format: Others
Language:zh-TW
Published: 2009
Online Access:http://ndltd.ncl.edu.tw/handle/25325101129187509830
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spelling ndltd-TW-097YZU053040162016-05-04T04:17:08Z http://ndltd.ncl.edu.tw/handle/25325101129187509830 The Relation between the CEO’s Behavior and Corporate Diversification 執行長與公司多角化之間的關係 Wei-Hao Tang 唐唯皓 碩士 元智大學 財務金融學系 97 This dissertation demonstrates how the overconfident chief executive officer’s behavior involves in the company operation. The data include those companies which listed in New York Stock Exchange (NYSE) from 1992 to 2007. The overconfident measurement is estimated by the number of positive changes in the CEO’s shareholding value. I find that there is higher likelihood for the overconfident CEO with more cash flow to diversify their company. Besides, the overconfident one prefer the different two-digit SIC code diversification to the related diversification but this evidence is not robust. The last finding is the nonlinear influence of the overconfident CEO on the firm’s value. The moderate overconfident one benefit the firm but extreme ones don’t. 沈仰斌 2009 學位論文 ; thesis 45 zh-TW
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description 碩士 === 元智大學 === 財務金融學系 === 97 === This dissertation demonstrates how the overconfident chief executive officer’s behavior involves in the company operation. The data include those companies which listed in New York Stock Exchange (NYSE) from 1992 to 2007. The overconfident measurement is estimated by the number of positive changes in the CEO’s shareholding value. I find that there is higher likelihood for the overconfident CEO with more cash flow to diversify their company. Besides, the overconfident one prefer the different two-digit SIC code diversification to the related diversification but this evidence is not robust. The last finding is the nonlinear influence of the overconfident CEO on the firm’s value. The moderate overconfident one benefit the firm but extreme ones don’t.
author2 沈仰斌
author_facet 沈仰斌
Wei-Hao Tang
唐唯皓
author Wei-Hao Tang
唐唯皓
spellingShingle Wei-Hao Tang
唐唯皓
The Relation between the CEO’s Behavior and Corporate Diversification
author_sort Wei-Hao Tang
title The Relation between the CEO’s Behavior and Corporate Diversification
title_short The Relation between the CEO’s Behavior and Corporate Diversification
title_full The Relation between the CEO’s Behavior and Corporate Diversification
title_fullStr The Relation between the CEO’s Behavior and Corporate Diversification
title_full_unstemmed The Relation between the CEO’s Behavior and Corporate Diversification
title_sort relation between the ceo’s behavior and corporate diversification
publishDate 2009
url http://ndltd.ncl.edu.tw/handle/25325101129187509830
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