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Managerial entrenchment and the value of dividends

โœ Scribed by Woo-Jong Lee

Book ID
106516373
Publisher
Springer US
Year
2010
Tongue
English
Weight
298 KB
Volume
36
Category
Article
ISSN
0924-865X

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## Abstract The purpose of this article is to test empirically the impact of Chinese managerial confidence on firm value through investment decisions. We use a simultaneous equation model, which treats firm value, investments, and managerial confidence as endogenous to the firm. With a sample of 32