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Optimal investment and production decisions and the value of the firm

✍ Scribed by Gonzalo Cortazar; Eduardo S. Schwartz; Andrés Löwener

Publisher
Springer US
Year
1998
Tongue
English
Weight
852 KB
Volume
2
Category
Article
ISSN
1380-6645

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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