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Weakening Effect of Executive Overconfidence on Equity Incentive—The Empirical Evidence from Chinese Listed Companies
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chen, Sunyu |
| Copyright Year | 2019 |
| Abstract | The paper takes Chinese listed companies from 2010 to 2016 as samples, to examine the relationship between executive overconfidence and equity incen-tive. Results show that executive overconfidence has a significant weakening effect on equity compensation incentives (including stock options and re-stricted stocks), that is, compared with rational executives, the company will reduce the equity incentives for overconfident executives. |
| Starting Page | 151 |
| Ending Page | 166 |
| Page Count | 16 |
| File Format | PDF HTM / HTML |
| DOI | 10.4236/ojbm.2019.71011 |
| Volume Number | 07 |
| Alternate Webpage(s) | https://file.scirp.org/pdf/OJBM_2019010414582438.pdf |
| Alternate Webpage(s) | https://doi.org/10.4236/ojbm.2019.71011 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |