Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19–21, 2023, Hangzhou, China

Research Article

Managerial Overconfidence, Industry Supporting Policy and Merger and Acquisition Performance: An Empirical Study Based on Stata Multiple Linear Regression Model

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  • @INPROCEEDINGS{10.4108/eai.19-5-2023.2334226,
        author={Qun  Hong and Shuzhen  Wang and Jing  Peng and Yilin  Hong},
        title={Managerial Overconfidence, Industry Supporting Policy and Merger and Acquisition Performance: An Empirical Study Based on Stata Multiple Linear Regression Model},
        proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China},
        publisher={EAI},
        proceedings_a={ICBBEM},
        year={2023},
        month={7},
        keywords={multiple linear regression model · stata software ·managerial overconfi-dence · m\&a performance · industry supporting policy},
        doi={10.4108/eai.19-5-2023.2334226}
    }
    
  • Qun Hong
    Shuzhen Wang
    Jing Peng
    Yilin Hong
    Year: 2023
    Managerial Overconfidence, Industry Supporting Policy and Merger and Acquisition Performance: An Empirical Study Based on Stata Multiple Linear Regression Model
    ICBBEM
    EAI
    DOI: 10.4108/eai.19-5-2023.2334226
Qun Hong1,*, Shuzhen Wang1, Jing Peng1, Yilin Hong2
  • 1: Xiamen University of Technology
  • 2: Southwestern University of Finance and Economics
*Contact email: 373961394@qq.com

Abstract

Considering the interaction between managers' irrational characteristics and the ex-ternal economic environment, this paper selects A-share listed companies with M&A performance from 2014 to 2020 as the research object, and establishes multivariate linear regression model to empirically study the impact of managerial overconfidence and industry supporting policy on M&A performance by using Stata software. The re-sults show that managerial overconfidence has a significant negative impact on M&A performance, and the industry supporting policy strengthens the negative influence of managerial overconfidence on M&A performance. The research results have implica-tions for enterprise to make objective investment decisions.