Do Short-Term Managerial Objectives Lead to Under- or Over-Investment in Long-Term Projects

Keywords

Term (time), Investment (military), Imperfect, Perfect information, Stock (firearms)

References

• Herd Behavior and InvestmentDavid Scharfstein, Jeremy C. Stein — 1990
• Takeover Threats and Managerial MyopiaJeremy C. Stein — 1988
• Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate BehaviorJeremy C. Stein — 1989

Cited by

• The Effect of Shareholder Rights and Insider Ownership on Earnings ManagementHenry He Huang, Weimin Wang, Jian Zhou — 2010
• CEO turnover after poor performance: turnaround or scapegoating?Thomas Walker, Catherine M. Rodriguez Milanes, Saif Ullah — 2018
• Three Essays in Corporate GovernanceVishaal Baulkaran — 2010
• The Case against Board Veto in Corporate TakeoversLucian A. Bebchuk — 2002
• Corporate Governance, Institutional Environment, Behavioral Corporate Finance and Inefficient InvestmentQi-An Luo, Hong-Fei Ye — 2015
• Firm and Managerial Incentives to Manipulate the Timing of Project ResolutionDavid Hirshleifer, Tarun Chordia, Sonya S. Lim — 2001
• Influence of Affective Traits on Entrepreneur's Goals and SatisfactionJuan Bautista Delgado García, Ana Isabel Rodríguez Escudero, Natalia Martín‐Cruz — 2012
• Corporate Governance and Firm Performance: Results from Greek FirmsKanellos Toudas, George Karathanassis — 2007
• Hedge Funds in Corporate Governance and Corporate ControlMarcel Kahan, Edward B. Rock — 2006
• The Relation Between Financial Management And Corporate Governance: Analytical Approach At The Level Of The Risk Management StrategiesPetre Brezeanu, Mohammed Subhi Al Essawi — 2011
• Study of the Relationship between Corporate Governance and Financial Performance of the Companies Listed in Tehran Stock Exchange MarketRoghayeh Manafi, Amir Mahmoudian, Ali Zabihi — 2015
• Shareholder Rights, Insider Ownership and Earnings ManagementHenry He Huang, Weimin Wang, Jian Zhou — 2013
• Corporate governance, financial management decisions and firm performance: Evidence from the maritime industryPanayiotis C. Andreou, Christodoulos Louca, Photis M. Panayides — 2014
• Individual shareholder rights provisions and cost of capitalHenry He Huang, Shengwu Wu — 2010
• INFORMATION EXTERNALITIES, SHARE‐PRICE BASED INCENTIVES AND MANAGERIAL BEHAVIOURSimon Grant, Stephen King, Ben Polak — 1996
• Stock-based incentive compensation and investment behaviorJohn M. Bizjak, James A. Brickley, Jeffrey L. Coles — 1993
• Managerial Reputation and Corporate Investment DecisionsDavid Hirshleifer — 1993
• Why does the airline industry over-invest?Oliver W. Wojahn — 2012
• Management Entrenchment, Agency Problem and Audit FeesXinhua Wang, Bibo Yang — 2011
• Does Corporate Governance Impact Risk Management SystemPetre Brezeanu, Mohammed Subhi, Al Essawi — 2011

Related papers

• The use of imperfect data in managed care organizations.Donald Fetterolf — 1998
• On the Power of Imperfect InformationDietmar Berwanger, Laurent Doyen — 2008
• Optimal Menu when Agents Make MistakesSergei Mikhalishchev — 2022
• On one conflict control problem with imperfect delayed informationА. Н. Красовский, A. N. Ladeyshchikov — 2014
• Estimation of Rates Arriving at the Winning Hands in Multi-Player Games with Imperfect InformationKenshi Yoshimura, Teruhisa Hochin, Hiroki Nomiya — 2016
• Blameworthiness in Games with Imperfect InformationPavel Naumov, Tao Jia — 2018
• A method of knowledge acquisition based on the discernibility in imperfect information systemYi Zhang, Jifang Pang, Jiahua Liang — 2007
• The Overspending and Flypaper Effects of Fiscal Illusion: Theory and Empirical EvidenceGeoffrey K. Turnbull — 1998