中文摘要：

以创业板制造业企业2010—2015年的数据为研究样本，分析了CEO过度自信与并购的关系，并探讨了组织冗余对两者关系的作用。研究结果表明：（1）创业板制造业企业CEO过度自信与并购呈现正相关的关系，即CEO越自信，企业并购强度越大；（2）组织冗余在CEO过度自信与并购的关系中起调节作用。其中．可利用冗余、可恢复冗余以及潜在冗余对两者的关系均起到正向调节的作用，即企业冗余资源越多。CEO过度自信与并购的关系越强。

英文摘要：

Based on the data of manufacturing enterprises in the Growth Enterprise Market in 2010 -2015, we analyzes the relationship between CEO overconfidence and M＆A, and the effect of organizational slack on them. The results show that ： （ 1 ） the relationship between the CEO overconfidence of GEM manufacturing enterprises and the M＆A are positive correlation, （2）organizational slack plays a regulating role in the relationship between CEO overconfidence and the M＆A, and the available slack, recoverable slack and potential slack play a positive regulatory role. The more redundant resources, the stronger the relationship between CEO overconfidence and the M＆A.