过度自信是人们普遍表现出的一种经常性心理偏好,而企业管理者往往比一般人表现出更强的过度自信。管理者过度自信是其自身效应最大化的需要也是市场竞争选择的结果,同时也受到企业决策环境和治理环境的影响。管理者过度自信的行为偏差会影响到企业融资与投资决策,进而会对企业价值造成影响。本文对国内外管理者过度自信与企业决策的相关理论和 Overconfidence is a recurring psychological preference that people generally show, and business executives tend to show greater overconfidence than the average person. Managers overconfidence is the need of maximizing their own effects as well as the result of market competition choices, as well as being influenced by corporate decision-making environment and governance environment. Managers overconfident behavior bias will affect corporate finance and investment decisions, which in turn will affect the value of the enterprise. This article is about domestic and foreign managers overconfidence and corporate decision-making theory and theory