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  1. NTU Theses and Dissertations Repository
  2. 管理學院
  3. 財務金融學系
請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/80496
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dc.contributor.advisor何耕宇(Keng-Yu Ho)
dc.contributor.authorMing-Wei Linen
dc.contributor.author林銘偉zh_TW
dc.date.accessioned2022-11-24T03:07:55Z-
dc.date.available2022-02-21
dc.date.available2022-11-24T03:07:55Z-
dc.date.copyright2022-02-21
dc.date.issued2021
dc.date.submitted2021-07-07
dc.identifier.citationAhmed, A. S., Duellman, S. (2013). Managerial Overconfidence and Accounting Conservatism. Journal of Accounting Research, 51(1), 1-30. Ben-David, I., Graham, J. R., Harvey, C. R. (2013). Managerial Miscalibration. Quarterly Journal of Economics, 128(4), 1547-1584. Benson, D., Ziedonis, R. H. (2010). Corporate venture capital and the returns to acquiring portfolio companies. Journal of Financial Economics, 98(3), 478-499. Berger, A. N., Udell, G. F. (1990). Collateral, loan quality and bank risk. Journal of Monetary Economics, 25(1), 21-42. Bharath, S. T., Dahiya, S., Saunders, A., Srinivasan, A. (2009). Lending Relationships and Loan Contract Terms. Review of Financial Studies, 24(4), 1141-1203. Bharath, S. T., Sunder, J., Sunder, S. V. (2008). Accounting Quality and Debt Contracting. The Accounting Review, 83(1), 1-28. Billett, M. T., Qian, Y. (2008). Are Overconfident CEOs Born or Made? Evidence of Self-Attribution Bias from Frequent Acquirers. Management Science, 54(6), 1037-1051. Booth, J. R., Booth, L. C. (2006). Loan Collateral Decisions and Corporate Borrowing Costs. Journal of Money, Credit and Banking, 38(1), 67-90. Campbell, T. C., Gallmeyer, M., Johnson, S. A., Rutherford, J., Stanley, B. W. (2011). CEO optimism and forced turnover. Journal of Financial Economics, 101(3), 695-712. Chava, S., Roberts, M. R. (2008). How Does Financing Impact Investment? The Role of Debt Covenants. Journal of Finance, 63(5), 2085-2121. Chen, S.-S., Ho, K.-Y., Ho, P.-H. (2014a). CEO Overconfidence and Long-Term Performance Following R D Increases. Financial Management, 43(2), 245-269. Chen, S. S., Lai, S.-M., Liu, C.-L., McVay, S. E. (2014b). Overconfident managers and internal controls. Working paper. National Taiwan University. Cho, J., Choi, H. (2014). Over-investment and the cost of debt. Journal of Applied Business Research (JABR), 30(6), 1739-1752. Galasso, A., Simcoe, T. S. (2011). CEO Overconfidence and Innovation. Management Science, 57(8), 1469-1484. Gervais, S., Heaton, J. B., Odean, T. (2011). Overconfidence, Compensation Contracts, and Capital Budgeting. Journal of Finance, 66(5), 1735-1777. Goel, A. M., Thakor, A. V. (2008). Overconfidence, CEO Selection, and Corporate Governance. Journal of Finance, 63(6), 2737-2784. Graham, J. R., Li, S., Qiu, J. (2008). Corporate misreporting and bank loan contracting. Journal of Financial Economics, 89(1), 44-61. Hackbarth, D. (2008). Managerial Traits and Capital Structure Decisions. Journal of Financial and Quantitative Analysis, 43(4), 843-881. Hackbarth, D. (2009). Determinants of corporate borrowing: A behavioral perspective. Journal of Corporate Finance, 15(4), 389-411. Hasan, I., Hoi, C. K., Wu, Q., Zhang, H. (2014). Beauty is in the eye of the beholder: The effect of corporate tax avoidance on the cost of bank loans. Journal of Financial Economics, 113(1), 109-130. Heaton, J. B. (2005). Advances in Behavioral Finance, Volume II. In H. T. Richard (Ed.), Chapter 19. Managerial Optimism and Corporate Finance (pp. 667-684): Princeton University Press. Hirshleifer, D., Low, A., Teoh, S. H. (2012). Are Overconfident CEOs Better Innovators? Journal of Finance, 67(4), 1457-1498. Ho, P.-H., Huang, C.-W., Lin, C.-Y., Yen, J.-F. (2016). CEO overconfidence and financial crisis: Evidence from bank lending and leverage. Journal of Financial Economics, 120(1), 194-209. Houston, J. F., Jiang, L., Lin, C., Ma, Y. (2014). Political Connections and the Cost of Bank Loans. Journal of Accounting Research, 52(1), 193-243. Hsieh, T.-S., Bedard, J. C., Johnstone, K. M. (2014). CEO Overconfidence and Earnings Management During Shifting Regulatory Regimes. Journal of Business Finance Accounting, 41(9-10), 1243-1268. Jimenez, G., Salas, V., Saurina, J. (2006). Determinants of collateral. Journal of Financial Economics, 81(2), 255-281. Landier, A., Thesmar, D. (2008). Financial Contracting with Optimistic Entrepreneurs. Review of Financial Studies, 22(1), 117-150. Lin, C., Ma, Y., Malatesta, P., Xuan, Y. (2011). Ownership structure and the cost of corporate borrowing. Journal of Financial Economics, 100(1), 1-23. Lin, C.-Y., Chen, Y., Ho, P.-H., Yen, J.-F. (2020). CEO overconfidence and bank loan contracting. Journal of Corporate Finance, 64, 101637. Lin, Y.-h., Hu, S.-y., Chen, M.-s. (2005). Managerial optimism and corporate investment: Some empirical evidence from Taiwan. Pacific-Basin Finance Journal, 13(5), 523-546. Malmendier, U., Tate, G. (2005). CEO Overconfidence and Corporate Investment. Journal of Finance, 60(6), 2661-2700. Malmendier, U., Tate, G. (2008). Who makes acquisitions? CEO overconfidence and the market's reaction. Journal of Financial Economics, 89(1), 20-43. Malmendier, U., Tate, G., Yan, J. (2011). Overconfidence and Early-Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies. Journal of Finance, 66(5), 1687-1733. Presley, T. J., Abbott, L. J. (2013). AIA submission: CEO overconfidence and the incidence of financial restatement. Advances in Accounting, 29(1), 74-84. Rajan, R., Winton, A. (1995). Covenants and Collateral as Incentives to Monitor. Journal of Finance, 50(4), 1113-1146. Schrand, C. M., Zechman, S. L. (2012). Executive overconfidence and the slippery slope to financial misreporting. Journal of Accounting and economics, 53(1-2), 311-329. Shu, P.-G., Yeh, Y.-H., Chiang, T.-L., Hung, J.-Y. (2013). Managerial Overconfidence and Share Repurchases. International Review of Finance, 13(1), 39-65. Sufi, A. (2007). Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans. Journal of Finance, 62(2), 629-668. White, H. (1980). A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity. Econometrica, 48(4), 817-838. Wong, W.-K. (2008). How much time-inconsistency is there and does it matter? Evidence on self-awareness, size, and effects. Journal of Economic Behavior Organization, 68(3-4), 645-656.
dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/80496-
dc.description.abstract"本論文旨延伸 (Lin, Chen, Ho, and Yen, 2020) 對美國上市櫃公司的 CEO 過度自信特質與銀行借款利率的關係的研究,我們檢視2011-2019年間臺灣上市櫃公司的銀行借款歷史資料,在考量各種可能影響銀行借款利率的變數後,使用普通最小平方法 (OLS) 的實證模型發現擁有過度自信 CEO 的公司平均而言擁有較高的銀行借款利差。我們推論因銀行認為擁有過度自信 CEO 的公司存在著較大的借款風險所導致,且擁有過度自信 CEO 的公司在銀行借款合約裡有財務約定事項作為銀行的下檔風險保護時,借款利率有顯著地更高的情形,也就是說當借款人在銀行借款合約有財務約定事項時,銀行會要求借款人較高的借款利率。整體而言,本論文的結果說明從銀行的角度而言,擁有過度自信 CEO 的公司的放款風險較大,因此會導致較高的銀行借款利率。"zh_TW
dc.description.provenanceMade available in DSpace on 2022-11-24T03:07:55Z (GMT). No. of bitstreams: 1
U0001-0507202123452200.pdf: 1967550 bytes, checksum: 4aa9a506fc34f9c06cd87c12a9815eb8 (MD5)
Previous issue date: 2021
en
dc.description.tableofcontents誌謝 i 摘要 ii Abstract iii 目錄 iv 表目錄 v 第一章、緒論 1 第二章、文獻回顧與研究假說 4 第一節、CEO過度自信 4 第二章、銀行借款利率與CEO過度自信的關係 5 第三節、CEO過度自信與下檔風險保護 6 第三章、資料選取與處理 8 第一節、CEO過度自信變數 8 第二節、資料選取 9 第三節、敘述統計 9 第四章、實證結果與分析 13 第一節、CEO過度自信與銀行借款利差 13 第二節、CEO過度自信與下檔風險保護 17 第三節、其他研究發現 21 第五章、結論 25 附錄 26 附錄一、變數定義 26 附錄二、各變數間相關係數 27 參考文獻 28
dc.language.isozh-TW
dc.subject財務約定事項zh_TW
dc.subject過度自信zh_TW
dc.subject經理人特質zh_TW
dc.subject銀行借款利率zh_TW
dc.subject抵押品zh_TW
dc.subjectCollateralen
dc.subjectOverconfidenceen
dc.subjectManagers Personal Traitsen
dc.subjectBank Loan Interest Ratesen
dc.subjectCovenantsen
dc.titleCEO過度自信與銀行借款利率的關係:以臺灣市場為例zh_TW
dc.titleThe Relationship Between CEO Overconfidence and Bank Loan Interest Rate: Evidence from Taiwanen
dc.date.schoolyear110-1
dc.description.degree碩士
dc.contributor.oralexamcommittee張景宏(Hsin-Tsai Liu),林姿婷(Chih-Yang Tseng)
dc.subject.keyword過度自信,經理人特質,銀行借款利率,抵押品,財務約定事項,zh_TW
dc.subject.keywordOverconfidence,Managers Personal Traits,Bank Loan Interest Rates,Collateral,Covenants,en
dc.relation.page31
dc.identifier.doi10.6342/NTU202101287
dc.rights.note同意授權(限校園內公開)
dc.date.accepted2021-07-08
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept財務金融學研究所zh_TW
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