Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan

碩士 === 國立中山大學 === 財務管理學系研究所 === 106 === We aim to investigate the relationship between banks and firms with overconfident CEOs. By examining the loans from 2000 to 2016 in the Taiwan market, we first find that firms with overconfident CEOs enjoy lower loan spread than the firms without overconfident...

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Main Authors: Xi-Xuan Lin, 林希璇
Other Authors: Chih-Wei Wang
Format: Others
Language:en_US
Published: 2018
Online Access:http://ndltd.ncl.edu.tw/handle/grd286
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spelling ndltd-TW-106NSYS53050282019-05-16T01:16:54Z http://ndltd.ncl.edu.tw/handle/grd286 Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan 經理人過度自信與銀行貸款利率關係:以台灣企業為例 Xi-Xuan Lin 林希璇 碩士 國立中山大學 財務管理學系研究所 106 We aim to investigate the relationship between banks and firms with overconfident CEOs. By examining the loans from 2000 to 2016 in the Taiwan market, we first find that firms with overconfident CEOs enjoy lower loan spread than the firms without overconfident CEOs after using firm characteristics and loan characteristics variables, and industry and year fixed effects. It also shows that overconfident family firms enjoy lower loan spread than overconfident non-family firms. In addition, we further document that overconfident firms with more board members on the board encounter higher bank loan spread. Finally, this paper implies that overconfident family firms with large board size also pay higher loan spread. Chih-Wei Wang 王志瑋 2018 學位論文 ; thesis 46 en_US
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description 碩士 === 國立中山大學 === 財務管理學系研究所 === 106 === We aim to investigate the relationship between banks and firms with overconfident CEOs. By examining the loans from 2000 to 2016 in the Taiwan market, we first find that firms with overconfident CEOs enjoy lower loan spread than the firms without overconfident CEOs after using firm characteristics and loan characteristics variables, and industry and year fixed effects. It also shows that overconfident family firms enjoy lower loan spread than overconfident non-family firms. In addition, we further document that overconfident firms with more board members on the board encounter higher bank loan spread. Finally, this paper implies that overconfident family firms with large board size also pay higher loan spread.
author2 Chih-Wei Wang
author_facet Chih-Wei Wang
Xi-Xuan Lin
林希璇
author Xi-Xuan Lin
林希璇
spellingShingle Xi-Xuan Lin
林希璇
Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
author_sort Xi-Xuan Lin
title Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
title_short Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
title_full Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
title_fullStr Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
title_full_unstemmed Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
title_sort overconfident ceos and the cost of bank loans: evidence from taiwan
publishDate 2018
url http://ndltd.ncl.edu.tw/handle/grd286
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