基于过度自信理论的公司购并行为分析被引量：28

Analysis on Companies' Takeover Based on Overconfidence Theory

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摘要基于过度自信理论,通过一简单模型对高管人员的过度自信如何影响公司购并行为和购并效率进行分析表明,高管人员的过度自信可部分地解释中国上市公司购并事件的频发以及购并效率的低下之原因。 Based on the introduction of the overconfidence theory, this paper analyses how the managerial overconfidence affect the decision - making of corporate takeovers by using a simple model. We draw a conclusion that the confidence theory partially explains the increasing cases and low efficiency of takeovers in China＇ s listed companies.

作者谢海东

机构地区上海财经大学经济学院

出处《现代财经（天津财经大学学报）》 CSSCI 北大核心 2006年第10期37-40,共4页 Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

关键词过度自信公司高管购并行为 Overconfidence Top Management Takeover

分类号 F276.6 [经济管理—企业管理]

作者简介谢海东（1972-），男，上海财经大学经济学院博士研究生。

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参考文献12

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