This paper argues that an interest group’s networking skills in micro-states may be as important, if not more important than other variables discussed in the interest group influence literature. This argument is based on the recent literature on democratisation in micro-states which shows that...

The overconfidence bias in relation to investment decisions is well documented in psychology and behavioural finance literature. Less known is that an overconfidence bias also relates to financing decisions. Managers that are overconfident of their firm's future are likely to prefer debt to...

This paper represents one of the first studies to document an empirical relation between market sentiment and capital structure in the USA. In a sample of US firms we find that market sentiment as proxied by the University of Michigan Consumer Sentiment Index is pervasive and significant in...

Standard data envelopment analysis (DEA) does not provide adequate detail to identify the specific sources of inefficiency embedded in interacting divisions of an organization. On the other hand, network DEA gives access to this underlying diagnostic information that would otherwise remain...