The Impact of Mangers Overconfidence on Issuance of Convertible Bond

碩士 === 國立高雄科技大學 === 財務管理系 === 107 === This research combines the personality of CEO with company financing methods. Particularly, the research is discussing whether CEOs have overconfident personality when the company issue convertible bonds. In the past, the literatures are focused on the impact of...

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Bibliographic Details
Main Author: 沈煒翔
Other Authors: WANG, MA-JU
Format: Others
Language:zh-TW
Published: 2019
Online Access:http://ndltd.ncl.edu.tw/handle/by93xq
Description
Summary:碩士 === 國立高雄科技大學 === 財務管理系 === 107 === This research combines the personality of CEO with company financing methods. Particularly, the research is discussing whether CEOs have overconfident personality when the company issue convertible bonds. In the past, the literatures are focused on the impact of the announcement of convertible bond, and on the evaluation of convertible bond. However, there is few research related to the reason of issuance of convertible bond. Furthermore, most of the past literatures assume that CEOs are all rational when making the decision, but it is not the fact. This study is taking the personality of CEOs into consideration to see whether it will affect the issuance of convertible bond. The result shows that CEOs with overconfident have a tendency to issue convertible bonds, but the duality of CEOs will not affect the issuance of convertible bonds.