The Influence of Managerial Overconfidence on CSR: Based on A－Share Listed Chinese Companies

[Purpose] The purpose of our research is to investigate the connection of managerial overconfidence on corporate social responsibility (CSR). [Methodology] We use CEO’s traits－based method to measure managerial overconfidence. CSR is measured by RKS index score. Our CEO’s traits are drawn from CSMAR database covering 2013 to 2015 for A－share main－ board market listed companies in China. Data of CSR are provided by Chinese RKS database. OLS model is used to investigate the connection between managerial overconfidence and CSR. [Findings] Regression results evidence that managerial overconfidence positively and significantly influences CSR and based on different enterprise nature and corporate size, managerial overconfidence influences CSR differently. [Implications] The research on managerial overconfidence and CSR relation has various guiding for practice. Accounting research based on financial behaviour remains at an initial stage, thus, there is the key contribution of our study that we enriched the research of this area.