Birleşme ve Satın Alma Gerçekleştiren Firma Yöneticilerinin Aşırı Güven Davranışlarının Firma Değeri Üzerine Etkisi

This study aims to examine the effect of overconfidence behaviours managers companies whose stocks are traded in Borsa Istanbul on firm value. In study, a model was created for Tobin q (Model 1), stock market value 2) and enterprise 3). As result negative relationship determined between change variable. According this result, if performing mergers acquisitions overconfident, incorrect decision may be made while determining leads decrease wealth shareholders. respect, managers' should also considered firms.