Purpose: The purpose of this paper is to examine the impact of managerial optimism on corporate investment regarding the financially constrained firms for the case of Greece. Taking as a fact that managers principally are optimistic and often overconfident an effort is made to highlight the...

This paper aims to analyze the effects of financial constraints and the financial crisis on the financing and investment policies of newly founded firms. Thereby, the analysis adds important new insights on a crucial segment of the economy. We make use of a large and comprehensive data set of...

The practice of carbon emissions trading (CET) has been carried out in China since 2013. Compared to more mature CET market mechanisms such as in Europe, the impact of the policies implemented in China regarding CET on the micro behavior of firms is quite different from that of mature market....