Managerial Optimism and the Cost of Capital. The SEM-Approach with a Focus on the German Capital Market
The present study contributes the first analysis of the influence of managerial optimism on companies’ financing policy and cost of capital. Since overconfidence biases investment and financing decisions, it may directly and indirectly influence a company’s risks and value. In contrast to prior res...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Rada Naukowa SKwP
2016-04-01
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| Series: | Zeszyty Teoretyczne Rachunkowości |
| Subjects: | |
| Online Access: | http://journals.indexcopernicus.com/fulltxt.php?ICID=1198981 |