The Relation Between CEO Overconfidence Influence Market and Financial Derivatives Hedge

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Title:	The Relation Between CEO Overconfidence Influence Market and Financial Derivatives Hedge
Authors:	Lee, Fung-Jun
Contributors:	財務金融學系
Keywords:	CEO’s Overconfidence;Financial Derivatives Hedge
Date:	2017
Issue Date:	2017-09-15
Publisher:	亞洲大學
Abstract:	In recent years, global economic system has become more inseparable. Every subtle change will effect CEO’s management on his company. There are many researches on CEO’s irrational decisions, however, they are most about CEO’s management performance, less on financial derivatives hedge. Therefore, this study is focused on if the CEO in Taiwan electrical industry and non-electrical industry will be overconfident on the prognosis of financial surplus, examining the hedge and liabilities of financial derivatives, and investigating if CEO’s overconfidence will effect the degree of use of hedge and liabilities of financial derivatives. Evidence shows : (1) The CEO’s Overconfidence has no significant effect on financial derivatives hedge ; (2) The CEO’s Overconfidence has no significant effect on liabilities of financial derivatives hedge.
Appears in Collections:	[Department of Finance] Theses & dissertations

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