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 …

The objective of this study is to identify the impact of managerial optimism on the corporate investment decisions of … effects panel regression with capital expenditures as a measurement of investment level and cash flow, Tobin's Q, leverage … managerial optimism has an impact on the investment levels of financially constrained companies in Jordan. As such, optimism …

with higher CEO risk-taking entrepreneurial spirit have less cash holdings. Further, we find that financing constraints can … mitigate the negative association between CEO risk-taking entrepreneurial spirit and firm cash holdings, whereas financing … firm cash holdings through corporate investment. Finally, the results reveal that CEO risk-taking entrepreneurial spirit …