Author: "Bouri, Abdelfettah" / Publication Year Range: Last 50 years / Search Limiters: Full Text / Topic: business enterprises and cash flow - Searchworks@Jio Institute Digital Library Search Results

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Start Over Author "Bouri, Abdelfettah" Search Limiters Full Text Topic business enterprises Topic cash flow Publication Year Range Last 50 years

Author: Ben Mohamed, Ezzeddine, Souissi, Mohamed Naceur, Baccar, Amel, and Bouri, Abdelfettah
Subjects: *CORPORATE finance, *CASH flow, *RATE of return, *CHIEF executive officers, *BUSINESS enterprises
Abstract: This study tries to extend previous works on behavioral corporate finance by examining the interaction between 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 affect investment cash flow's relationship. [ABSTRACT FROM AUTHOR]
Published: 2014
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