Managerial optimism: New observations on the unifying theory
Managerial optimism theory is behavioral finance's greatest achievement. It explains two prominent features of corporate financial behavior – over-investment and pecking-order capital structure preferences – that otherwise require two different theories with mutually incompatible assumptions ab...
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| Format: | Article |
| Language: | English |
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Blackwell Publishing Ltd
2019
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| Online Access: | View Fulltext in Publisher |