Purpose: The purpose of this paper is to examine the impact of managerial optimism on corporate investment regarding … often overconfident an effort is made to highlight the effect of this psychological bias on managerial investment decision … - making. Design/methodology/approach: The research methodology is based on the approach that the investment-cash flow …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs … terms reflecting both idiosyncratic and systematic risk, and weaker investor protection increases the weight on … idiosyncratic risk. Using firm-level data from 38 countries, we estimate the predicted relationships among investor protection …

. Real option theory argues that research projects with conditional phases have option-like risk and return properties, and … portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option … are different from unconditional projects. We show that although the risk of a portfolio always depends on the correlation …

is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment … and investment decisions in the uncertain environment of CO2 emissions trading. …

emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment …Substantial attention has been paid in recent years to the risk of maturity mismatch in emerging markets. Although this … risk is microeconomic in nature, the evidence advanced thus far has taken the form of macro correlations. This paper …

investment - results that are consistent with the model's predictions. …

The real options tradition originally predicted a decreasing relationship between uncertainty and investment, through …. The "opposing" effect is not always opposing. Systematic risk cannot generally be assumed to increase with volatility. A … probability is not the best measure of investment. The sign of the total effect is again ambiguous. This ambiguity is illustrated …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

consider the financing problem of an entrepreneur who has access to two investment projects and needs to raise external …