Managerial optimism and corporate investment behavior
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DOI: 10.1016/j.jbef.2021.100492
Abstract: Abstract This study aims to analyze if managerial optimism affects corporate investment behavior. We measure managerial optimism by directly surveying CFOs and executives responsible for corporate investments of listed companies in Japan. We show that… read more here.
Keywords: corporate investment; optimism; investment behavior; managerial optimism ... See more keywords
Managerial optimism and investment decision in the UK
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Behavioral and Experimental Finance"
DOI: 10.1016/j.jbef.2021.100519
Abstract: Abstract We investigate the impact of managerial optimism on investment decision sensitivity to cash flow. Optimists tend to overestimate returns and make overly optimistic cash flow forecasts, which leads to increased investment levels, as well… read more here.
Keywords: cash; managerial optimism; investment; optimism investment ... See more keywords