Managerial optimism and investment decision in the UK
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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