Title page for etd-0524118-233928


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URN etd-0524118-233928
Author Xi-Xuan Lin
Author's Email Address No Public.
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Department Finance
Year 2017
Semester 2
Degree Master
Type of Document
Language English
Title Overconfident CEOs and the Cost of Bank Loans: Evidence from Taiwan
Date of Defense 2018-05-11
Page Count 46
Keyword
  • board size
  • family firms
  • loan spread
  • CEO overconfidence
  • Behavioral finance
  • Abstract We aim to investigate the relationship between banks and firms with overconfident CEOs. By examining the loans from 2000 to 2016 in the Taiwan market, we first find that firms with overconfident CEOs enjoy lower loan spread than the firms without overconfident CEOs after using firm characteristics and loan characteristics variables, and industry and year fixed effects. It also shows that overconfident family firms enjoy lower loan spread than overconfident non-family firms. In addition, we further document that overconfident firms with more board members on the board encounter higher bank loan spread. Finally, this paper implies that overconfident family firms with large board size also pay higher loan spread.
    Advisory Committee
  • Yi-Chung Hsu - chair
  • Ting-Hsuan Chen - co-chair
  • Chih-Wei Wang - advisor
  • Files
  • etd-0524118-233928.pdf
  • Indicate in-campus at 3 year and off-campus access at 5 year.
    Date of Submission 2018-06-25

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