Chen, I-Ju; Lin, Shin-Hung - In: Multinational Finance Journal 17 (2013) 3-4, pp. 295-340
This study investigates the relationship between managerial optimism, investment efficiency and firm valuation. This … study follows the Campbell’s measurement for managerial optimism and investigates the influences of the different levels of … managerial optimism on improving investment efficiency and firm value when firms tend to under-invest or over-invest. The results …