会计稳健性、管理者过度自信与企业决策

Accounting Conservatisn,Managerial Overconfidence and Enterprise Decision-Making

由于管理者在公司和社会中拥有的地位与声誉较高,如果他们在作出经营决策时出现非理性的行为,将会直接影响公司价值最大化目标的实现以及可持续发展。通过分析管理者的行为与企业决策之间的关系,以及管理者过度自信对企业债务融资、投资决策、股票价格、企业并购四方面的影响,分析管理者过度自信的心理对企业决策的影响,并进一步地分析会计稳健性在这四个方面中对二者关系所发挥的作用。

Because managers have a higher status and reputation in the company and society,If they behave irrationally in business decisions,they will have a direct impact on the achievement of the company’s goal of maximizing value and sustainability.By analyzing the relationship between managers’behavior and enterprise decision-making,and the influence of managers’overconfidence on enterprise debt financing,investment decision-making,stock price and merger and acquisition,analyzing the influence of managers’overconfidence on enterprise decision-making,and further analyzes the role of accounting robustness in these four aspects.