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Managerial Overconfidence And Corporate Diversification In Switzerland

The purpose of this research study is to investigate the relationship between managerial overconfidence, corporate diversification, firm performance and firm characteristic. This study examines the top 100 public companies in Switzerland from 2010 to 2017 with a total observation of 800. This stu...

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Main Author: Lin, Zeng Yeik
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2019
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/37090/1/Lin%20Zeng%20ft.pdf
http://ir.unimas.my/id/eprint/37090/
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spelling my.unimas.ir.370902024-02-06T08:13:13Z http://ir.unimas.my/id/eprint/37090/ Managerial Overconfidence And Corporate Diversification In Switzerland Lin, Zeng Yeik H Social Sciences (General) The purpose of this research study is to investigate the relationship between managerial overconfidence, corporate diversification, firm performance and firm characteristic. This study examines the top 100 public companies in Switzerland from 2010 to 2017 with a total observation of 800. This study views corporate diversification in two different aspects which are product diversification and geographical diversification. Two proxies for the managerial overconfidence, which consist of overinvestment and net buyers, are used in this study. The empirical findings indicate that managerial overconfidence does not have effect on product diversification but there is statistically significant and positive effect on geographical diversification. Moreover, this study also determines that geographical diversification has positive relationship with firm performance but has no significance with product diversification. Lastly, firm characteristics such as firm leverage and firm size are examined and proved to have positively relationship with either geographical diversification or product diversification. However, the findings also indicate that firm performance is statistically significant but shares negative relationship with geographical diversification. Universiti Malaysia Sarawak, (UNIMAS) 2019 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/37090/1/Lin%20Zeng%20ft.pdf Lin, Zeng Yeik (2019) Managerial Overconfidence And Corporate Diversification In Switzerland. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Lin, Zeng Yeik
Managerial Overconfidence And Corporate Diversification In Switzerland
description The purpose of this research study is to investigate the relationship between managerial overconfidence, corporate diversification, firm performance and firm characteristic. This study examines the top 100 public companies in Switzerland from 2010 to 2017 with a total observation of 800. This study views corporate diversification in two different aspects which are product diversification and geographical diversification. Two proxies for the managerial overconfidence, which consist of overinvestment and net buyers, are used in this study. The empirical findings indicate that managerial overconfidence does not have effect on product diversification but there is statistically significant and positive effect on geographical diversification. Moreover, this study also determines that geographical diversification has positive relationship with firm performance but has no significance with product diversification. Lastly, firm characteristics such as firm leverage and firm size are examined and proved to have positively relationship with either geographical diversification or product diversification. However, the findings also indicate that firm performance is statistically significant but shares negative relationship with geographical diversification.
format Final Year Project Report
author Lin, Zeng Yeik
author_facet Lin, Zeng Yeik
author_sort Lin, Zeng Yeik
title Managerial Overconfidence And Corporate Diversification In Switzerland
title_short Managerial Overconfidence And Corporate Diversification In Switzerland
title_full Managerial Overconfidence And Corporate Diversification In Switzerland
title_fullStr Managerial Overconfidence And Corporate Diversification In Switzerland
title_full_unstemmed Managerial Overconfidence And Corporate Diversification In Switzerland
title_sort managerial overconfidence and corporate diversification in switzerland
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2019
url http://ir.unimas.my/id/eprint/37090/1/Lin%20Zeng%20ft.pdf
http://ir.unimas.my/id/eprint/37090/
_version_ 1792160692369883136
score 13.211869

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