The Impact of Ambiguity on Managerial Investment and Cash Holdings
Standard finance theory suggests that managers invest in projects that, in expectation, produce returns that justify the use of capital. An underlying assumption is that managers have the information necessary to understand the distributional properties of the pay-offs underlying the decision. This...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Wiley Blackwell,
2017-09-01T14:52:14Z.
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| Subjects: | |
| Online Access: | Get fulltext |