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The effect of CEO power on overinvestment

Review of Quantitative Finance and Accounting, 2022
Huai-Chun Lo, Shin‐Rong Shiah‐Hou
exaly   +2 more sources

Underinvestment or/and Overinvestment?

2012
In Chapter 4 we highlighted the potential for market failure in allocating fixed capital, one reason being the difficulty of investment decision-making under uncertainty. That argument in itself may not be enough to convince doubters of the case for a negative bias to capital investment. It may for example reasonably be claimed that the ‘animal spirits’
Ciaran Driver, Paul Temple
openaire   +1 more source

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