This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j ? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i ’s division A …

Using an agency theory framework, we examine the effect of managerial overconfidence on the interaction between … planning and control problems. We consider a typical setting in which a manager makes an investment decision involving project …

to analyze the investment decision of the venture capitalist (VC) in this set-up. The solutions presented are conflictive …