Pan, Ailing; Liu, Wenkai; Wang, Xue - In: Nankai Business Review International 10 (2019) 4, pp. 570-590
Purpose: Based on the perspective of cognitive psychology, this paper takes the M&A events of Chinese A-share listed enterprises from 2008 to 2015 as the research samples, and then empirically analyzes the influence of managerial overconfidence on M&A premium under the special circumstances in...