From the theoretical and practical analysis about the effect of managerial overconfidence on the corporate investment behaviors and investment performance, this paper draws conclusion as follows: when the legal system and supervision mechanism is unsound, the previous experience of CEO often lead to the overinvestment of CEO, and there is a negative influence on corporate investment performance.%文章从理论和实践上分析管理者过度自信对企业投资行为与投资绩效的影响。研究发现,在法律机制与监督机制不健全的情况下,管理者以往的成功经验往往会导致管理者过度投资,而过度投资对企业绩效存在着负面的影响。
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