CEO Overconfidence and Corporate Investment: Moderating Role of Corporate Governance Practices
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چکیده
منابع مشابه
CEO Overconfidence and Corporate Investment∗
We argue that managerial overconfidence can account for corporate investment distortions. Overconfident managers overestimate the returns to their investment projects and view external funds as unduly costly. Thus, they overinvest when they have abundant internal funds, but curtail investment when they require external financing. We test the overconfidence hypothesis, using panel data on person...
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ژورنال
عنوان ژورنال: Review of Applied Management and Social Sciences
سال: 2020
ISSN: 2708-3640,2708-2024
DOI: 10.47067/ramss.v3i1.23