Managerial overconfidence, overinvestment, and R&D spillover
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DOI: 10.1002/mde.3051
Abstract: This paper examines whether a firm will select an overoptimistic manager when a costâreduction investment has a spillover effect. We consider a Cournot competition model where R&D investment ex ante occurs before the process of… read more here.
Keywords: overinvestment spillover; managerial overconfidence; overconfidence overinvestment; investment ... See more keywords
Managerial overconfidence in capital structure decisions and its link to aggregate demand: An agent-based model perspective
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DOI: 10.1371/journal.pone.0255537
Abstract: Objective This study aims to connect two strands of the psychology and economics literature, i.e., behavioural finance and agent-based macroeconomics, to assess the impact of managerial overconfidence at the micro and macro levels of the… read more here.
Keywords: overconfidence; capital; managerial overconfidence; finance ... See more keywords
The Nexus between Managerial Overconfidence, Corporate Innovation, and Institutional Effectiveness
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DOI: 10.3390/su15086524
Abstract: Innovative projects are considered risky and challenging, and specific managerial traits (such as managerial overconfidence) are needed to gain momentum. Moreover, corporate innovations are also crucial for sustainable development through the creation of more efficient,… read more here.
Keywords: overconfidence corporate; innovation; corporate innovation; managerial overconfidence ... See more keywords