𝔖 Bobbio Scriptorium
✦   LIBER   ✦

MANAGERIAL EXPECTATIONS AND INVESTMENT BEHAVIOUR

✍ Scribed by MICHAEL JONES-LEE


Book ID
110980888
Publisher
John Wiley and Sons
Year
1969
Tongue
English
Weight
459 KB
Volume
21
Category
Article
ISSN
0307-3378

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Managerial optimism and investment choic
✍ Florian Englmaier πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 171 KB

## Abstract This paper analyzes whether it might be desirable for a firm to hire an overoptimistic manager to commit to a certain R&D strategy. I consider a Cournot model with an ex‐ante R&D stage where firms can invest in cost reduction before product market competition takes place. I show that fi