In this paper, we present a literature review and classification scheme for investment cash flow sensitivity under … findings. Literature on investment cash flow sensitivity under behavioral corporate finance isn't well developed. In fact, the … explanatory power and they can succeed to explain the dependence of corporate investment on the internal cash flow availability …

We extend the neoclassical investment model Hayashi (1982) to allow for limited commitment on compensation contracts …. We consider three types of limited commitment: i) managers cannot commit to compensation contracts that provide lower …

I examine the effects of entrenchment on corporate investment and firm performance. To achieve identification, I use a …. These findings are consistent with the shirking hypothesis that entrenchment enables managers to evade the responsibilities … of overseeing investment projects …

managerial ability and corporate investment. We find a strong positive relation between pre-crisis managerial ability and capital … positive relationship between managerial ability and corporate investment was supported by the capacity of such firms to secure …

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 …

induce capital investment mix shifts and reducecapital investment efficiency. Specifically, we find that managers … reporting quality and investment efficiencybenefits found previously for clawback adoptions. These findings, which are robust to … influence capital investment mix and capital investmentefficiency. These findings are also timely given pending SEC Rule 10D-1 …

We argue that corporate investment decisions depend not only on project characteristics such as expected NPV, but also … on how well a firm can assess its managers' human capital. If so, projects pitched by managers about whom the firm has …, we show that external hires experience a dip in investment activity when they join a new VC firm. Over time, the gap …

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 …

We show that managerial career experiences have significant explanatory power for corporate investment decisions. We … managerial characteristic, as a natural experiment to test the impact on corporate investment. To establish causality, we use a … experiences, managerial characteristics can be formed and lead to attitude changes in investment activity. Chinese Reform and Open …