id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-10376			2023-07-21	5	.pdf	application/pdf	4104	134	38	Most of the domestic researchers' studies on the impact of personal traits of executive team members on the company's solvency are also based on the decision maker's overconfidence, e.g., Xiao Fenglei (2011) found that companies with overconfident chairmen are more inclined to have more investment expenditures and higher long-term liabilities; Jiang Wei's (2011) findings indicate that the younger the chairman's age is, the shorter the time of his tenure is, and the lower the education level is as well as the 227 higher the chairman's overconfidence when the chairman possesses an economic and management educational background, the stronger the chairman's overconfidence behavior and the more he chooses higher debt ratios; Li Yongzhuang (2014) explored the mechanism of leader's overconfidence on firm performance from the perspective of the mediating role played by debt financing preference. Model (1) is the regression of control variables and solvency indicators, and based on model (1), the independent variables executive gender ratio, executive age and executive education are introduced respectively to get model (2), model (3) and model (4).	cache/fbem-10376.pdf	txt/fbem-10376.txt