Alliances establish a private channel of communication between allied firms in which managers can obtain useful information about future investment opportunities. I examine whether this feature of alliances hinders the market's ability to correctly assess the investment opportunities of firms in...

This study investigates the relationship between managerial optimism, investment efficiency, and firm valuation. This study follows the Campbell's measurement for managerial optimism and investigates the influences of the different levels of managerial optimism on improving investment efficiency...

This study investigates the relationship between managerial optimism, investment efficiency and firm valuation. This study follows the Campbell's measurement for managerial optimism and investigates the influences of the different levels of managerial optimism on improving investment efficiency...