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Corporate Financial Policies With Overconfident Managers

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NBER2007-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13570
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资源简介:
Many financing choices of US corporations remain puzzling even after accounting for standard determinants such as taxes, bankruptcy costs, and asymmetric information. We propose that managerial beliefs help to explain the remaining variation across and within firms, including variation in debt
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2007-11-01
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