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现有关于政治联系影响公司投资的研究均是在代理人理性的假设前提下展开的,较少关注代理人非理性情况下政治联系对公司投资行为的影响。本文系统回顾了管理者过度自信与公司投资的研究现状,并对政治联系的相关研究文献进行评述,最后基于中国制度背景,阐述了管理者过度自信与政治联系之间的关系,在此基础上对管理者过度自信、政治联系与公司投资的未来研究进行展望。
The existing researches on the influence of political connections on corporate investment are all based on the assumption of agent’s rationality, and less attention is paid to the influence of political connections on corporate investment behavior under the condition of agent’s irrationality. This paper systematically reviews the research status of managers overconfidence and corporate investment, and comments on the relevant research literature on political relations. Finally, based on the background of the Chinese system, expounds the relationship between managers overconfidence and political relations, on the basis of which Prospects for future managers’ overconfidence, political connections and corporate investment.