Reyes Marín, Óscar De los; Paz Gil, Iria; … - In: International Journal of Financial Studies : open … 14 (2026) 3, pp. 1-17
This study examines the False Reality Bias in treasury management, a cognitive distortion through which small and medium-sized enterprises (SMEs) infer financial stability from salient bank balances while overlooking pending obligations and cash-flow timing. Using a firm-level dataset of 50...