on corporate long-term investment measured by a firm's R&D spending. We find robust evidence that the corporate R …&D investment level is significantly lower during the interim CEO appointment period. The negative association between R …

The objective of this study is to identify the impact of managerial optimism on the corporate investment decisions of … effects panel regression with capital expenditures as a measurement of investment level and cash flow, Tobin's Q, leverage … managerial optimism has an impact on the investment levels of financially constrained companies in Jordan. As such, optimism …

investment cash flow sensitivity and various CEO characteristics in either the existence or inexistence of managerial optimism …. Using a Q-investment model and departing from a sample of 475 annual observations, our results highlight that CEO …'s financial education, CEO's ownership and their optimism bias can explain distortions in corporate investment policy since they …

Purpose: The purpose of this paper is to examine the impact of managerial optimism on corporate investment regarding … often overconfident an effort is made to highlight the effect of this psychological bias on managerial investment decision … – making. Design/methodology/approach: The research methodology is based on the approach that the investment-cash flow …