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Showing 1 to 1 of 1 for “"Leverage-Effekt"”.
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Einfluss von Overconfidence und Optimismus von Finanzvorständen auf ihre Kapitalstrukturentscheidungen
… at any particular time. Inefficiently low leverage choices (e.g., due to rational self-interest or entrenchment) are less pronounced for overconfident and optimistic managers. Hence, biased managers make capital structure decisions that are more in the interest of shareholders than those of …