Explain how to test for the effect of managerial overconfidence on the sensitivity of a firms investments
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Explain how to test for the effect of managerial overconfidence on the sensitivity of a firm’s investments to cash flow and discuss the likely result.
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In theory a firms investment should be driven exclusively by the profitability of its opportuniti...View the full answer
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Related Book For
Behavioral Finance
ISBN: 9780190868741
1st Edition
Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger
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