The Effect of Managerial Overconfidence on Firm Value: Evidence from the Johannesburg Stock Exchange

• Published in: Management and Economics Review Vol. 6; no. 1; pp. 1 - 14
• Main Authors: Kunjal, Damien, NYASHA, Jameson, GHISYAN, Amir, Govender, Jeevarathnam P, MURUGASEN, Sameshen, NAIDOO, Priyen, S. PATEL, Dhruva, Muzindutsi, Paul-Francois
• Format: Journal Article
• Language: English
• Published: EDITURA ASE 01.06.2021; ASE Publishing House; Editura ASE
• Subjects: Business Economy / Management; Economy; Financial Markets; firm value; innovation; leverage; managerial overconfidence; innovation; leverage; managerial overconfidence; firm value

Managers of a company are responsible for enhancing shareholder wealth. However, decisions made by managers are not always rational, and such irrational decisions could have a direct impact on the value of a firm, and thus, the wealth of its shareholders. Therefore, the objective of this study is to...