{"id":"https://openalex.org/W3138767181","doi":"https://doi.org/10.1155/2021/5578367","title":"The Influence of Fair Value Measurement on the Pledge of Overconfident Major Shareholders Based on Multiple Regression and Fisher Test","display_name":"The Influence of Fair Value Measurement on the Pledge of Overconfident Major Shareholders Based on Multiple Regression and Fisher Test","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3138767181","doi":"https://doi.org/10.1155/2021/5578367","mag":"3138767181"},"language":"en","primary_location":{"id":"doi:10.1155/2021/5578367","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5578367","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5578367.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/complexity/2021/5578367.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100392118","display_name":"Wei Wang","orcid":"https://orcid.org/0000-0002-9002-8191"},"institutions":[{"id":"https://openalex.org/I191208505","display_name":"Xiamen University","ror":"https://ror.org/00mcjh785","country_code":"CN","type":"education","lineage":["https://openalex.org/I191208505"]},{"id":"https://openalex.org/I75867142","display_name":"Xiamen University of Technology","ror":"https://ror.org/01285e189","country_code":"CN","type":"education","lineage":["https://openalex.org/I75867142"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Wei Wang","raw_affiliation_strings":["Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005, China xmu.edu.cn","Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005"],"raw_orcid":"https://orcid.org/0000-0002-9002-8191","affiliations":[{"raw_affiliation_string":"Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005, China xmu.edu.cn","institution_ids":["https://openalex.org/I191208505","https://openalex.org/I75867142"]},{"raw_affiliation_string":"Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005","institution_ids":["https://openalex.org/I191208505"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5032086148","display_name":"Xiaohui Qu","orcid":null},"institutions":[{"id":"https://openalex.org/I158809036","display_name":"Shenzhen Institute of Information Technology","ror":"https://ror.org/03wrf9427","country_code":"CN","type":"education","lineage":["https://openalex.org/I158809036"]},{"id":"https://openalex.org/I191208505","display_name":"Xiamen University","ror":"https://ror.org/00mcjh785","country_code":"CN","type":"education","lineage":["https://openalex.org/I191208505"]},{"id":"https://openalex.org/I204983213","display_name":"Harbin Institute of Technology","ror":"https://ror.org/01yqg2h08","country_code":"CN","type":"education","lineage":["https://openalex.org/I204983213"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xiao-Hui Qu","raw_affiliation_strings":["Center for Accounting Studies of Xiamen University, Xiamen 361005, China","School of Economics and Management, Harbin Institute of Technology, Shenzhen 518055, China hit.edu.cn","Center for Accounting Studies of Xiamen University, Xiamen 361005","School of Economics and Management, Harbin Institute of Technology, Shenzhen 518055"],"raw_orcid":"https://orcid.org/0000-0001-5829-4521","affiliations":[{"raw_affiliation_string":"Center for Accounting Studies of Xiamen University, Xiamen 361005, China","institution_ids":["https://openalex.org/I191208505"]},{"raw_affiliation_string":"School of Economics and Management, Harbin Institute of Technology, Shenzhen 518055, China hit.edu.cn","institution_ids":["https://openalex.org/I158809036","https://openalex.org/I204983213"]},{"raw_affiliation_string":"Center for Accounting Studies of Xiamen University, Xiamen 361005","institution_ids":["https://openalex.org/I191208505"]},{"raw_affiliation_string":"School of Economics and Management, Harbin Institute of Technology, Shenzhen 518055","institution_ids":["https://openalex.org/I204983213"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101619878","display_name":"Jian-Ju Du","orcid":null},"institutions":[{"id":"https://openalex.org/I188935350","display_name":"Anhui University of Finance and Economics","ror":"https://ror.org/0152zzg30","country_code":"CN","type":"education","lineage":["https://openalex.org/I188935350"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jian-Ju Du","raw_affiliation_strings":["School of Accounting, Anhui University of Finance and Economics, Bengbu 233030, China aufe.edu.cn","School of Accounting, Anhui University of Finance and Economics, Bengbu 233030"],"raw_orcid":"https://orcid.org/0000-0002-3133-2847","affiliations":[{"raw_affiliation_string":"School of Accounting, Anhui University of Finance and Economics, Bengbu 233030, China aufe.edu.cn","institution_ids":["https://openalex.org/I188935350"]},{"raw_affiliation_string":"School of Accounting, Anhui University of Finance and Economics, Bengbu 233030","institution_ids":["https://openalex.org/I188935350"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055524868","display_name":"Jiaming Zhu","orcid":null},"institutions":[{"id":"https://openalex.org/I188935350","display_name":"Anhui University of Finance and Economics","ror":"https://ror.org/0152zzg30","country_code":"CN","type":"education","lineage":["https://openalex.org/I188935350"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jia-Ming Zhu","raw_affiliation_strings":["School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu 233030, China aufe.edu.cn","School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu 233030"],"raw_orcid":"https://orcid.org/0000-0001-9419-9433","affiliations":[{"raw_affiliation_string":"School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu 233030, China aufe.edu.cn","institution_ids":["https://openalex.org/I188935350"]},{"raw_affiliation_string":"School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu 233030","institution_ids":["https://openalex.org/I188935350"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5055524868"],"corresponding_institution_ids":["https://openalex.org/I188935350"],"apc_list":{"value":2550,"currency":"USD","value_usd":2550},"apc_paid":{"value":2550,"currency":"USD","value_usd":2550},"fwci":0.2775,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.55430164,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":93},"biblio":{"volume":"2021","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.9980999827384949,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9976999759674072,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/pledge","display_name":"Pledge","score":0.813387393951416},{"id":"https://openalex.org/keywords/shareholder","display_name":"Shareholder","score":0.7471146583557129},{"id":"https://openalex.org/keywords/overconfidence-effect","display_name":"Overconfidence effect","score":0.6024922132492065},{"id":"https://openalex.org/keywords/equity","display_name":"Equity (law)","score":0.5575359463691711},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.5433552861213684},{"id":"https://openalex.org/keywords/earnings","display_name":"Earnings","score":0.5302193760871887},{"id":"https://openalex.org/keywords/accounting","display_name":"Accounting","score":0.5239877104759216},{"id":"https://openalex.org/keywords/fair-value","display_name":"Fair value","score":0.4708513617515564},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.44616782665252686},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4437360167503357},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2573372721672058},{"id":"https://openalex.org/keywords/psychology","display_name":"Psychology","score":0.06779614090919495}],"concepts":[{"id":"https://openalex.org/C2780643141","wikidata":"https://www.wikidata.org/wiki/Q819049","display_name":"Pledge","level":2,"score":0.813387393951416},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.7471146583557129},{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.6024922132492065},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5575359463691711},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5433552861213684},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5302193760871887},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5239877104759216},{"id":"https://openalex.org/C63149375","wikidata":"https://www.wikidata.org/wiki/Q14136184","display_name":"Fair value","level":2,"score":0.4708513617515564},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.44616782665252686},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4437360167503357},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2573372721672058},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.06779614090919495},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2021/5578367","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5578367","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5578367.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:5578367","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2021/5578367.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:fbc075bae2b44aed9d83c0549b0032c3","is_oa":true,"landing_page_url":"https://doaj.org/article/fbc075bae2b44aed9d83c0549b0032c3","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2021 (2021)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2021/5578367","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5578367","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5578367.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869","https://openalex.org/P4310320595"],"host_organization_lineage_names":["Hindawi Publishing Corporation","Wiley"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.6399999856948853,"display_name":"Decent work and economic growth"}],"awards":[{"id":"https://openalex.org/G557283188","display_name":null,"funder_award_id":"16JJD790035","funder_id":"https://openalex.org/F4320321106","funder_display_name":"Ministry of Education of the People's Republic of China"},{"id":"https://openalex.org/G7654399645","display_name":null,"funder_award_id":"cxjhjyzdi1907","funder_id":"https://openalex.org/F4320321435","funder_display_name":"Anhui University"}],"funders":[{"id":"https://openalex.org/F4320321106","display_name":"Ministry of Education of the People's Republic of China","ror":"https://ror.org/01mv9t934"},{"id":"https://openalex.org/F4320321435","display_name":"Anhui University","ror":"https://ror.org/05th6yx34"},{"id":"https://openalex.org/F4320326664","display_name":"Anhui Provincial Department of Education","ror":null},{"id":"https://openalex.org/F4320330910","display_name":"Anhui University of Finance and Economics","ror":"https://ror.org/0152zzg30"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3138767181.pdf","grobid_xml":"https://content.openalex.org/works/W3138767181.grobid-xml"},"referenced_works_count":19,"referenced_works":["https://openalex.org/W1743177740","https://openalex.org/W1966586504","https://openalex.org/W1984140234","https://openalex.org/W2040104932","https://openalex.org/W2074275156","https://openalex.org/W2128662763","https://openalex.org/W2161205042","https://openalex.org/W2399185419","https://openalex.org/W2518276670","https://openalex.org/W2550935858","https://openalex.org/W3007008913","https://openalex.org/W3048854991","https://openalex.org/W3121223896","https://openalex.org/W3121653102","https://openalex.org/W3123186395","https://openalex.org/W3123452386","https://openalex.org/W3124228869","https://openalex.org/W3124871150","https://openalex.org/W3126622454"],"related_works":["https://openalex.org/W2375586905","https://openalex.org/W4212930069","https://openalex.org/W2061297926","https://openalex.org/W2078086611","https://openalex.org/W2802380811","https://openalex.org/W4381197671","https://openalex.org/W2349849257","https://openalex.org/W4240448557","https://openalex.org/W2365862873","https://openalex.org/W2515248673"],"abstract_inverted_index":{"Adopting":[0],"fair":[1,48,54,108,123,145],"value":[2,49,55,109,124,146],"measurement":[3,56,110,125,147],"may":[4],"bring":[5],"more":[6],"earnings":[7,100],"fluctuations":[8],"and":[9,13,19,84,130],"induce":[10],"irrational":[11,66],"psychology":[12],"radical":[14],"financing":[15,60,154],"behavior":[16],"of":[17,31,36,47,81,88,98,107,117,132,156],"managers":[18],"major":[20,63,76,134,157],"shareholders.":[21,158],"Based":[22],"on":[23,153],"behavioral":[24],"corporate":[25],"governance":[26],"theory,":[27],"using":[28],"the":[29,44,58,79,86,96,104,115,128],"sample":[30],"A\u2010share":[32],"nonfinancial":[33],"listed":[34],"companies":[35],"China":[37],"during":[38],"2015\u20132017,":[39],"this":[40],"paper":[41],"empirically":[42],"examines":[43],"regulatory":[45,151],"effect":[46,106,152],"measurement;":[50],"that":[51,74,94,144],"is,":[52],"whether":[53],"affects":[57],"company\u2019s":[59],"decisions":[61,155],"when":[62,114],"shareholders":[64,77],"have":[65],"psychological":[67],"characteristics,":[68],"i.e.,":[69],"overconfidence.":[70],"The":[71,138],"study":[72],"found":[73,93],"overconfident":[75,133],"increase":[78,85],"probability":[80,129],"equity":[82,89,136],"pledge":[83],"proportion":[87],"pledge;":[90],"further":[91],"inspection":[92],"if":[95],"level":[97],"accrued":[99],"management":[101],"is":[102,111,121],"higher,":[103,122],"adjustment":[105],"also":[112],"higher;":[113],"risk":[116],"stock":[118],"price":[119],"collapse":[120],"obviously":[126],"increases":[127],"ratio":[131],"shareholders\u2019":[135],"pledge.":[137],"above":[139],"conclusions":[140],"provide":[141],"empirical":[142],"evidence":[143],"has":[148],"a":[149],"positively":[150]},"counts_by_year":[{"year":2021,"cited_by_count":1}],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2025-10-10T00:00:00"}