The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure

Authors

  • Manel Dahmani PHD, Student in Financial and Accounting Methods: LARTIGE, FSEG, University of Sfax, Tunisia
  • Ghazi Zouari Associate Professor in Financial and Accounting Methods: LARTIGE, FSEG, University of Sfax & FARGO, IAE Dijon, France

DOI:

https://doi.org/10.18488/journal.89/2016.2.1/89.1.26.42

Keywords:

Overconfidence, Financing structure, Firm’s performance

Abstract

In the current framework of behavioral corporate finance, this article studies the relationship between the managers’ overconfidence and firm performance through the financing structure in the Tunisian context. Our model seeks to identify if the financing structure as a mediating variable between the performance and overconfidence. The empirical study is based on a sample of 56 firm managers for the year 2014. The results of the conducted regressions confirm the existence of a mediating effect of the financing structure on the relationship between overconfidence and the performance of Tunisian firms.

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Published

2016-10-07

Issue

Vol. 2 No. 1 (2016)

Section

Articles

How to Cite

The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure. (2016). Financial Risk and Management Reviews, 2(1), 26-42. https://doi.org/10.18488/journal.89/2016.2.1/89.1.26.42