The Effect of Managers? Overconfidence who have Made Mergers and Acquisitions on the Firm Value

Küçük Resim Yok

Tarih

2022

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Sosyoekonomi Soc

Erişim Hakkı

info:eu-repo/semantics/openAccess

Özet

This study aims to examine the effect of overconfidence behaviours of the managers of the companies whose stocks are traded in Borsa Istanbul on the firm value. In the study, a model was created for Tobin q (Model 1), stock market value (Model 2) and enterprise value (Model 3). As a result of the study, a negative relationship was determined between the change in firm value and the overconfidence variable. According to this result, if the managers performing mergers and acquisitions are overconfident, the incorrect decision may be made while determining the firm value. This leads to a decrease in the wealth of the shareholders. In this respect, managers' overconfidence should also be considered while performing mergers and acquisitions in firms.

Açıklama

Anahtar Kelimeler

Behavioural Finance, Manager?s Overconfidence, Merger and Acquisition, Firm Value

Kaynak

Sosyoekonomi

WoS Q Değeri

N/A

Scopus Q Değeri

N/A

Cilt

30

Sayı

54

Künye