Chowdhury, Jaideep; Sonaer, Gokhan - In: Economics Bulletin 35 (2015) 1, pp. 392-399
We develop a theoretical model of managerial myopia based on the Q theory of investment. In this model, the manager … chooses both investment quantity and the investment horizon. The manager may be myopic, causing an excess weight to be placed … important testable implication. The sensitivity of investment to growth opportunities is lower for myopic managers. …