The Moderator Role of Managerial Overconfidence in the Relationship between R&D Volatility and Firm Value: An Application in Borsa Istanbul
Purpose: The study aims to reveal the moderating role of managerial overconfidence in the link between R&D volatility and firm value in firms operating in the Metal Goods Sector of Borsa Istanbul during the period 2010-2020. Design/Methodology: The moderating role of managerial overconfidence in...
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| Veröffentlicht in: | Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) 2023-05, Vol.15 (28), p.1-11 |
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| container_title | Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) |
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| creator | NUR, Tuğba EGE, İlhan TOPALOĞLU, Emre Esat |
| description | Purpose: The study aims to reveal the moderating role of managerial overconfidence in the link between R&D volatility and firm value in firms operating in the Metal Goods Sector of Borsa Istanbul during the period 2010-2020.
Design/Methodology: The moderating role of managerial overconfidence in the linkage between R&D volatility and firm value is investigated with panel data analysis.
Findings: The short-run estimates reveal positive linkage determined between R&D volatility and firm value. We also reveal that managerial overconfidence positively moderates the link between R&D volatility and firm value. In this direction, the effect of R&D volatility on firm value is higher and positive in firms where managers have excessive self-confidence.
Limitations: The fact that the sample consists of students who are only in Gaziantep and the use of three variables as a brand component are the limitations of the study.
Originality/Value: The number of studies in the literature on the relevant period and sample is limited. Therefore, the study contributes to the literature and is original. |
| doi_str_mv | 10.20990/kilisiibfakademik.1232263 |
| format | Article |
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Design/Methodology: The moderating role of managerial overconfidence in the linkage between R&D volatility and firm value is investigated with panel data analysis.
Findings: The short-run estimates reveal positive linkage determined between R&D volatility and firm value. We also reveal that managerial overconfidence positively moderates the link between R&D volatility and firm value. In this direction, the effect of R&D volatility on firm value is higher and positive in firms where managers have excessive self-confidence.
Limitations: The fact that the sample consists of students who are only in Gaziantep and the use of three variables as a brand component are the limitations of the study.
Originality/Value: The number of studies in the literature on the relevant period and sample is limited. Therefore, the study contributes to the literature and is original.</description><identifier>ISSN: 1309-3762</identifier><identifier>DOI: 10.20990/kilisiibfakademik.1232263</identifier><language>tur</language><ispartof>Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD), 2023-05, Vol.15 (28), p.1-11</ispartof><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c1033-8d9c37ef187b5080fc5fe740039621ff7755bb5f9a3add3b2f71acf82bce4d873</cites><orcidid>0000-0002-0974-4896 ; 0000-0001-8771-779X ; 0000-0002-5765-1926</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,27903,27904</link.rule.ids></links><search><creatorcontrib>NUR, Tuğba</creatorcontrib><creatorcontrib>EGE, İlhan</creatorcontrib><creatorcontrib>TOPALOĞLU, Emre Esat</creatorcontrib><title>The Moderator Role of Managerial Overconfidence in the Relationship between R&D Volatility and Firm Value: An Application in Borsa Istanbul</title><title>Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD)</title><description>Purpose: The study aims to reveal the moderating role of managerial overconfidence in the link between R&D volatility and firm value in firms operating in the Metal Goods Sector of Borsa Istanbul during the period 2010-2020.
Design/Methodology: The moderating role of managerial overconfidence in the linkage between R&D volatility and firm value is investigated with panel data analysis.
Findings: The short-run estimates reveal positive linkage determined between R&D volatility and firm value. We also reveal that managerial overconfidence positively moderates the link between R&D volatility and firm value. In this direction, the effect of R&D volatility on firm value is higher and positive in firms where managers have excessive self-confidence.
Limitations: The fact that the sample consists of students who are only in Gaziantep and the use of three variables as a brand component are the limitations of the study.
Originality/Value: The number of studies in the literature on the relevant period and sample is limited. Therefore, the study contributes to the literature and is original.</description><issn>1309-3762</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><recordid>eNplkM1OAjEYRbvQRIK8Q-PC3WB_mOkMO0RREgkJQbaTtvNVGko7aQcNz-BLK8jO1V3cnLM4CN1RMmSkqsjDzjqbrFVG7mQDe7sbUsYZK_gV6lFOqoyLgt2gQUpWEV6wnOdV0UPf6y3gRWggyi5EvAoOcDB4Ib38gGilw8tPiDp4YxvwGrD1uPtFVuBkZ4NPW9tiBd0XgMer-ye8CafD2e6IpW_wzMY93kh3gDGeeDxpW2f1mTyZHkNMEs9TJ706uFt0baRLMLhsH73PntfT1-xt-TKfTt4yTQnnWdlUmgswtBQqJyUxOjcgRoTwqmDUGCHyXKncVJLLpuGKGUGlNiVTGkZNKXgfjf-8OoaUIpi6jXYv47GmpD7XrP_VrC81-Q-dHXK9</recordid><startdate>20230525</startdate><enddate>20230525</enddate><creator>NUR, Tuğba</creator><creator>EGE, İlhan</creator><creator>TOPALOĞLU, Emre Esat</creator><scope>AAYXX</scope><scope>CITATION</scope><orcidid>https://orcid.org/0000-0002-0974-4896</orcidid><orcidid>https://orcid.org/0000-0001-8771-779X</orcidid><orcidid>https://orcid.org/0000-0002-5765-1926</orcidid></search><sort><creationdate>20230525</creationdate><title>The Moderator Role of Managerial Overconfidence in the Relationship between R&D Volatility and Firm Value: An Application in Borsa Istanbul</title><author>NUR, Tuğba ; EGE, İlhan ; TOPALOĞLU, Emre Esat</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1033-8d9c37ef187b5080fc5fe740039621ff7755bb5f9a3add3b2f71acf82bce4d873</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>tur</language><creationdate>2023</creationdate><toplevel>online_resources</toplevel><creatorcontrib>NUR, Tuğba</creatorcontrib><creatorcontrib>EGE, İlhan</creatorcontrib><creatorcontrib>TOPALOĞLU, Emre Esat</creatorcontrib><collection>CrossRef</collection><jtitle>Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>NUR, Tuğba</au><au>EGE, İlhan</au><au>TOPALOĞLU, Emre Esat</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Moderator Role of Managerial Overconfidence in the Relationship between R&D Volatility and Firm Value: An Application in Borsa Istanbul</atitle><jtitle>Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD)</jtitle><date>2023-05-25</date><risdate>2023</risdate><volume>15</volume><issue>28</issue><spage>1</spage><epage>11</epage><pages>1-11</pages><issn>1309-3762</issn><abstract>Purpose: The study aims to reveal the moderating role of managerial overconfidence in the link between R&D volatility and firm value in firms operating in the Metal Goods Sector of Borsa Istanbul during the period 2010-2020.
Design/Methodology: The moderating role of managerial overconfidence in the linkage between R&D volatility and firm value is investigated with panel data analysis.
Findings: The short-run estimates reveal positive linkage determined between R&D volatility and firm value. We also reveal that managerial overconfidence positively moderates the link between R&D volatility and firm value. In this direction, the effect of R&D volatility on firm value is higher and positive in firms where managers have excessive self-confidence.
Limitations: The fact that the sample consists of students who are only in Gaziantep and the use of three variables as a brand component are the limitations of the study.
Originality/Value: The number of studies in the literature on the relevant period and sample is limited. Therefore, the study contributes to the literature and is original.</abstract><doi>10.20990/kilisiibfakademik.1232263</doi><tpages>11</tpages><orcidid>https://orcid.org/0000-0002-0974-4896</orcidid><orcidid>https://orcid.org/0000-0001-8771-779X</orcidid><orcidid>https://orcid.org/0000-0002-5765-1926</orcidid><oa>free_for_read</oa></addata></record> |
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| issn | 1309-3762 |
| language | tur |
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| source | EZB-FREE-00999 freely available EZB journals |
| title | The Moderator Role of Managerial Overconfidence in the Relationship between R&D Volatility and Firm Value: An Application in Borsa Istanbul |
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