goal is therefore, to find whether managerial optimism has an impact on corporate investment of Greek firms. Design …/methodology/approach-The investment of firms with optimistic managers is more sensitive to cash flow than the investment of firms with managers who are … managerial optimism affects corporate investment in firms with high degree of closely held shares. Moreover, managerial optimism …

This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment … investment-cash flow sensitivity, which decreased substantially after the crisis when banks changed their expectations about the … value of assets on firms'' balance sheets. This paper deepens our understanding of firms'' investment behavior …

In this paper we use balance-sheet data and information on bankruptcy to study the relationship between investment …-2011, which also allows us to study the impact of the 2008 crisis on Czech companies. Using investment-cash flow sensitivity to … significant impact on the investment rate. By taking a closer look at individual subsamples we reveal that the existence of …

cash flow hypothesis and signaling theory of dividends. Dividends and investment might be a tool to mitigate managerial … and investment. We analyzed 419 companies from the Warsaw Stock Exchange and covered the period of 2007-2020 with 4 …,760 firm-year observations. We prepared regression models for the dividend and investment ratio depending on the company …