Capital Structure Choices and Behavioral Biases: An Application to a Panel of US Industrial Companies
This paper examines the financing decision within the framework of the behavioral corporate finance. It empirically analyzes the role of psychological factors related to the managers' overconfidence and optimism in explaining the financing choices of a panel of 160 US industrial companies list...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-08-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/4991 |