Are companies managed by overconfident CEO financially constraint? Investment-cash flow sensitivity approach
Research background: Overconfidence is one of the biases and fallacies that affect a cognitive process. Indeed, overconfidence has some serious consequences even in corporate finance. The literature is not consistent as for the impact of overconfidence on investment and financing decisions. Addition...
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| Format: | Article |
| Language: | English |
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Institute of Economic Research
2020-03-01
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| Series: | Equilibrium. Quarterly Journal of Economics and Economic Policy |
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| Online Access: | http://economic-research.pl/Journals/index.php/eq/article/view/1766 |