Impacts of Managerial Overconfidence and Agency Costs on Cash Holdings Within Blockchain Firms

Impacts of Managerial Overconfidence and Agency Costs on Cash Holdings Within Blockchain Firms

We study the effects of managerial overconfidence and agency costs on cash holdings of blockchain firms, where the overconfidence is defined as a cognitive bias that a manager will underestimate volatility in an uncertain environment. We develop a real-options game model that incorporates both overc...

Full description

Bibliographic Details
Main Authors: Teng Niu, Xi Zhao
Format: Article
Language:English
Published: IEEE 2021-01-01
Series:IEEE Access
Subjects:
Agency costs
blockchain
corporate cash holdings
managerial overconfidence
Online Access:https://ieeexplore.ieee.org/document/9568981/

Internet

https://ieeexplore.ieee.org/document/9568981/

Similar Items