The effect of managerial overconfidence on debt financing decisions of egyptian listed companies : empirical study

الملخص EN

This study aims at investigating the effect of managerial overconfidence on debt financing.

Based on aconvenient sample of (125) companies drawn from Egyptian listed companies' qualified population for a period from (2012 to 2017) to constitute (750) firm observation.

And depending on appropriate panel data regression model.

The hypothesis test result indicates that managerial overconfidence positively affects debt financing.

In other words, overconfident managers are more likely to depend on debt finance than less confident managers.