{"id":"https://openalex.org/W3131034765","doi":"https://doi.org/10.1155/2021/5513204","title":"The Influence of Fair Value Measurement on Radical Financing of Irrational Managers Based on Fixed Effects Model and Fisher Permutation Test","display_name":"The Influence of Fair Value Measurement on Radical Financing of Irrational Managers Based on Fixed Effects Model and Fisher Permutation Test","publication_year":2021,"publication_date":"2021-01-01","ids":{"openalex":"https://openalex.org/W3131034765","doi":"https://doi.org/10.1155/2021/5513204","mag":"3131034765"},"language":"en","primary_location":{"id":"doi:10.1155/2021/5513204","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5513204","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5513204.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/2021/5513204.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"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Wei Wang","raw_affiliation_strings":["Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005, China"],"raw_orcid":"https://orcid.org/0000-0002-9002-8191","affiliations":[{"raw_affiliation_string":"Institute of Financial and Accounting Studies, Xiamen University, Xiamen 361005, China","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/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 Accouting Studies of Xiamen University, Xiamen 361005, China","School of Economics and Management, Harbin Institute of Technology, Shenzhen 518055, China"],"raw_orcid":"https://orcid.org/0000-0001-5829-4521","affiliations":[{"raw_affiliation_string":"Center for Accouting 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","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"],"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","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"],"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","institution_ids":["https://openalex.org/I188935350"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"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":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.02800418,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"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/T10019","display_name":"Corporate Finance and Governance","score":0.9969000220298767,"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/T10019","display_name":"Corporate Finance and Governance","score":0.9969000220298767,"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/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9969000220298767,"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/T12675","display_name":"Financial Reporting and Valuation Research","score":0.9708999991416931,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"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/overconfidence-effect","display_name":"Overconfidence effect","score":0.7226854562759399},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.606578528881073},{"id":"https://openalex.org/keywords/irrational-number","display_name":"Irrational number","score":0.560245156288147},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.5576594471931458},{"id":"https://openalex.org/keywords/fair-value","display_name":"Fair value","score":0.4928171932697296},{"id":"https://openalex.org/keywords/test","display_name":"Test (biology)","score":0.46104615926742554},{"id":"https://openalex.org/keywords/sample","display_name":"Sample (material)","score":0.45607736706733704},{"id":"https://openalex.org/keywords/earnings","display_name":"Earnings","score":0.4541541635990143},{"id":"https://openalex.org/keywords/accounting","display_name":"Accounting","score":0.44866687059402466},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4296104907989502},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4272429347038269},{"id":"https://openalex.org/keywords/enterprise-value","display_name":"Enterprise value","score":0.425296813249588},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.36938905715942383},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3416758179664612},{"id":"https://openalex.org/keywords/psychology","display_name":"Psychology","score":0.1299409568309784},{"id":"https://openalex.org/keywords/social-psychology","display_name":"Social psychology","score":0.09879496693611145},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.0853126049041748}],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.7226854562759399},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.606578528881073},{"id":"https://openalex.org/C94931360","wikidata":"https://www.wikidata.org/wiki/Q607728","display_name":"Irrational number","level":2,"score":0.560245156288147},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5576594471931458},{"id":"https://openalex.org/C63149375","wikidata":"https://www.wikidata.org/wiki/Q14136184","display_name":"Fair value","level":2,"score":0.4928171932697296},{"id":"https://openalex.org/C2777267654","wikidata":"https://www.wikidata.org/wiki/Q3519023","display_name":"Test (biology)","level":2,"score":0.46104615926742554},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.45607736706733704},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.4541541635990143},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.44866687059402466},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4296104907989502},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4272429347038269},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.425296813249588},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.36938905715942383},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3416758179664612},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.1299409568309784},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.09879496693611145},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0853126049041748},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2021/5513204","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5513204","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5513204.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:5513204","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2021/5513204.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:ed373d820a9e4ca98e7e7389a78b7322","is_oa":true,"landing_page_url":"https://doaj.org/article/ed373d820a9e4ca98e7e7389a78b7322","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:10.1155/2021/5513204","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2021/5513204","pdf_url":"https://downloads.hindawi.com/journals/complexity/2021/5513204.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":[{"score":0.6800000071525574,"id":"https://metadata.un.org/sdg/8","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"}],"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/F4320326664","display_name":"Anhui Provincial Department of Education","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3131034765.pdf","grobid_xml":"https://content.openalex.org/works/W3131034765.grobid-xml"},"referenced_works_count":28,"referenced_works":["https://openalex.org/W1482332936","https://openalex.org/W1966180439","https://openalex.org/W1967053015","https://openalex.org/W1984140234","https://openalex.org/W2024509651","https://openalex.org/W2040104932","https://openalex.org/W2063606285","https://openalex.org/W2070579394","https://openalex.org/W2074275156","https://openalex.org/W2095041795","https://openalex.org/W2128662763","https://openalex.org/W2130465387","https://openalex.org/W2273012637","https://openalex.org/W2363651584","https://openalex.org/W2392928374","https://openalex.org/W2518276670","https://openalex.org/W2981198699","https://openalex.org/W3023333732","https://openalex.org/W3109990121","https://openalex.org/W3121223896","https://openalex.org/W3121653102","https://openalex.org/W3121860914","https://openalex.org/W3121868245","https://openalex.org/W3123785267","https://openalex.org/W3125098629","https://openalex.org/W3125554563","https://openalex.org/W4206009773","https://openalex.org/W4254193787"],"related_works":["https://openalex.org/W2991634017","https://openalex.org/W4251085376","https://openalex.org/W2775388773","https://openalex.org/W4253467046","https://openalex.org/W1980773669","https://openalex.org/W2066240519","https://openalex.org/W2110063637","https://openalex.org/W2354626691","https://openalex.org/W2001454647","https://openalex.org/W4388282852"],"abstract_inverted_index":{"Adopting":[0],"fair":[1,44,50,77,90],"value":[2,45,51,78,91],"measurement":[3,52,79,92],"may":[4],"bring":[5],"more":[6,83],"earnings":[7],"fluctuations":[8],"and":[9,13],"induce":[10],"irrational":[11,61],"psychology":[12],"radical":[14],"financing":[15,56],"behavior":[16],"of":[17,28,43,72],"managers.":[18,100],"Based":[19],"on":[20,98],"behavioral":[21],"corporate":[22],"governance":[23],"theory,":[24],"using":[25],"the":[26,40,54,73],"sample":[27],"Chinese":[29],"A\u2010share":[30],"nonfinancial":[31],"listed":[32],"companies":[33],"during":[34],"2007\u20132017,":[35],"this":[36],"paper":[37],"empirically":[38],"examines":[39],"regulatory":[41,96],"effect":[42,97],"measurement,":[46],"that":[47,69,75,89],"is,":[48],"whether":[49],"affects":[53],"company\u2032s":[55],"decisions":[57],"when":[58],"managers":[59,71],"have":[60,76],"psychological":[62],"characteristics,":[63],"i.e.,":[64],"overconfidence.":[65],"The":[66],"study":[67],"found":[68],"overconfident":[70,99],"company":[74],"assets":[80],"will":[81],"be":[82],"aggressive":[84],"for":[85],"debt":[86],"decisions,":[87],"indicating":[88],"has":[93],"a":[94],"positively":[95]},"counts_by_year":[],"updated_date":"2026-08-15T07:11:24.734988","created_date":"2025-10-10T00:00:00"}