Overconfidence and Early-life Experiences: The Impact of Managerial Traits on Corporate Financial Policies
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https://www.nber.org/papers/w15659
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资源简介：
We show that measurable managerial characteristics have significant explanatory power for corporate financing decisions beyond traditional capital-structure determinants. First, managers who believe that their firm is undervalued view external financing as overpriced, especially equity. Such
提供机构：
美国国家经济研究局
创建时间：
2010-01-01
