MARC details
| 000 -LEADER |
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04234ntm a2200277 a 4500 |
| 001 - CONTROL NUMBER |
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vtls000094098 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
KUKTEM |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20251117113436.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
160324t2015 my da f ab m 000 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
THE0007947(Local) |
| 039 #9 - LEVEL OF BIBLIOGRAPHIC CONTROL AND CODING DETAIL [OBSOLETE] |
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| Level of rules in bibliographic description |
201906131136 |
| Level of effort used to assign nonsubject heading access points |
nadia |
| Level of effort used to assign subject headings |
201608081511 |
| Level of effort used to assign classification |
shima |
| Level of effort used to assign subject headings |
201603251525 |
| Level of effort used to assign classification |
shima |
| Level of effort used to assign subject headings |
201603241625 |
| Level of effort used to assign classification |
shima |
| -- |
201603241547 |
| -- |
shima |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
UMP |
| 090 ## - LOCALLY ASSIGNED LC-TYPE CALL NUMBER (OCLC); LOCAL CALL NUMBER (RLIN) |
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| Classification number (OCLC) (R) ; Classification number, CALL (RLIN) (NR) |
FIM .T56 2015 r Thesis |
| 100 3# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Ting, Irene Wei Kiong |
| 245 1# - TITLE STATEMENT |
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| Title |
Managerial overconfidence, government intervention and leverage decision : evidence from Malaysia / |
| Statement of responsibility, etc. |
Irene Ting Wei Kiong |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Place of publication, distribution, etc. |
Kuantan, Pahang : |
| Name of publisher, distributor, etc. |
UMP, |
| Date of publication, distribution, etc. |
2015 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
xxiii, 151 p. : |
| Other physical details |
ill. ; |
| Dimensions |
30 cm. + |
| Accompanying material |
1 CD-ROM |
| 500 ## - GENERAL NOTE |
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| General note |
Faculty of Industrial Management |
| 502 ## - DISSERTATION NOTE |
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| Dissertation note |
Thesis (Doctor of Philosophy)-- Universiti Malaysia Pahang – 2015 |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
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| Bibliography, etc. note |
Bibliography : p. 128-146 |
| 520 3# - SUMMARY, ETC. |
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| Summary, etc. |
This thesis investigates the impact of managerial overconfidence and firm leverage decision. The role of government ownership as moderating effects to the relation is also measured. Eleven measures of managerial overconfidence behavior that is classified based on Motivation, Ability, Roles and Situation Factors (MARS) model are employed to examine its impact to leverage decision. Dynamic panel models on managerial overconfidence are developed to examine the relationship between managerial overconfidence, government intervention and leverage decision of publicly listed companies in Malaysia for the period of 2004-2013. The four general objectives of this research are: 1) To examine is there any significant differences in means between GLCs and NGLCs for explanatory variables. 2) To evaluate a behavioral perspective in studying the relationship between managerial overconfidence and firm leverage decisions. 3) To measure the role of government ownership as a moderating effect to the relation between managerial overconfidence and firm leverage decision. 4) To estimate the dynamic relationship by the presence of a lagged dependent variable (LEVEt-1) to leverage decision. The thesis concludes that: 1) When CEOs are motivated, their overconfidence is significantly and positively related to leverage decision. 2) CEOs’ ability is significantly and positively related to leverage decision. 3) CEOs’ role is significantly negative related to leverage decision. 4) Government ownership moderates the relationship between managerial overconfidence and firm leverage decision. 5) Malaysian public listed firms adjust debt towards an optimal level and the speed of adjustment is approximately 21% to 26% per annum. This thesis contributes to the growing body of knowledge in behavioral financial theory specifically on the antecedents of firm leverage decision in several dimensions, namely theoretical, methodological and managerial perspective. Theoretically, this thesis expands knowledge on what influences firm leverage decision from human point of view. The findings highlight the importance of selecting CEO in organizations in order to reduce the occurrence of having high leverage position. Therefore, it is beneficial for the firms to revisit their relevant policies and procedures specifically related to CEOs selection in order to avoid financial distress condition to the firms. Organizations may assess CEO’s background (profile photo, network, previous performance, remuneration, education, experience, tenure, age, duality, gender and founder) as the findings provide evidences these characteristics play a crucial role in deciding firm leverage decision. Moreover, conceptually, this thesis provides direct evidence suggesting that government is an important party that would control managerial overconfidence. In terms of methodology, this study contributes to firm leverage decisions by estimating the mean reversion towards target which is absent specifically in Malaysia context. This study may shed light on the risk management policies of Malaysian public listed companies. |
| 610 20 - SUBJECT ADDED ENTRY--CORPORATE NAME |
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| Corporate name or jurisdiction name as entry element |
Faculty of Industrial Management |
| General subdivision |
Dissertations |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Universities and Colleges |
| General subdivision |
Dissertations |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Theses |