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Managerial overconfidence and corporate resilience

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  • Zhang, Ximeng
  • Liu, Deqing
  • Chen, Jie

Abstract

This study selects the data of China's A-share listed enterprises from 2016 to 2022 to analyze the consequences of the role of managerial overconfidence on the strength of China's corporate resilience. The results show that managerial overconfidence positively affects corporate resilience. Compared with enterprises with low analyst attention, the impact of managerial overconfidence on corporate resilience is more significant in enterprises with high analyst attention. Compared with state-owned enterprises, the impact of managerial overconfidence on corporate resilience is more significant in non-state-owned enterprises.

Suggested Citation

  • Zhang, Ximeng & Liu, Deqing & Chen, Jie, 2024. "Managerial overconfidence and corporate resilience," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s154461232400117x
    DOI: 10.1016/j.frl.2024.105087
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    References listed on IDEAS

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    Cited by:

    1. Kun Chao & Shixue Wang & Meijia Wang, 2025. "Human Capital Investment, Technological Innovation, and Resilience of Chinese High-End Manufacturing Enterprises," Sustainability, MDPI, vol. 17(1), pages 1-25, January.

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