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competitive industries, the negative relation between past returns and current leverage will be attenuated. Theory suggests that …
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competitive industries, the negative relation between past returns and current leverage will be attenuated. Theory suggests that …
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Managers like to think well of themselves, and of the firms that employ them. However, positive illusions can bias a … our theory in the psychology of attribution, define self-serving behavior and provide experimental and survey evidence of …, we first study the natural benchmark equilibrium provided by unbiased decision makers. We then introduce self …
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