We use detailed assessments of CEO personalities to explore the nature overconfidence as it is commonly measured. Longholder , option-based measure introduced by Malmendier and Tate (2005a) widely used in behavioral corporate finance economics literatures, significantly related several specific characteristics that are associated with overconfident individuals well lower ability. Similar relati...

This study analyzes cash-cash flow sensitivity by comparing financially constrained and unconstrained firms in eight markets. 486 manufacturing are examined between 2005 2018 using the Generalized Method of Moments. These categorized based on size, age, Size-Age, Sales-Age, Kaplan Zingales indices. We find that both evince positive sensitivity. Although obtain external financing easily, they pr...

this study focused on the income generating capacity of farm family’s own resources and examined the vulnerability to financial risk among the remote and peri-urban farming systems of imo state. primary data was collected using the farming and rural systems approach to randomly select and interview 120 households. descriptive statistics and mann whitney test were used in assessing between group...

In this study, tactical decisions considering the material and financial flows in a supply chain have been made. To achieve these aims and some effective solutions, a multi-objective mathematical model proposed for an integrated supply chain master planning problem. The multi-product, multi-period and capacitated supply chain network has three objective functions. Two first objective functions ...

This paper examines empirically the effect of firm growth opportunities and earnings quality on the market valuation of free cash flow, defined as the difference between operating cash flows and capital expenditures. Equity valuation theory prescribes that free cash flow should not be associated with stock returns because it does not add value. However, free cash flow could become a value-relev...