An exploration on the nexus between managers’ present bias and corporate investment
Article
Kim, H. and Nguyen, Q. 2022. An exploration on the nexus between managers’ present bias and corporate investment. Applied Economics Letters. 29 (2), pp. 150-154. https://doi.org/10.1080/13504851.2020.1861186
Type | Article |
---|---|
Title | An exploration on the nexus between managers’ present bias and corporate investment |
Authors | Kim, H. and Nguyen, Q. |
Abstract | This study aims to explore the role of top manager’s present bias as a main driver of corporate investment. For this purpose, we embed an experiment in a firm-level panel survey with a sample of top managers from 623 textile and garment firms in Vietnam. The experiment enables us to elicit present bias for each individual manager. We find that firms led by managers with a greater level of present bias are more likely to have a lower investment. There also exists evidence that the effect of managers’ present bias on corporate investment is stronger for SMEs than for large firms. |
Keywords | Economics and Econometrics |
Publisher | Taylor & Francis (Routledge) |
Journal | Applied Economics Letters |
ISSN | 1350-4851 |
Electronic | 1466-4291 |
Publication dates | |
Online | 11 Dec 2020 |
19 Jan 2022 | |
Publication process dates | |
Deposited | 05 Jan 2021 |
Accepted | 25 Nov 2020 |
Output status | Published |
Accepted author manuscript | |
Copyright Statement | This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 11 Dec 2020, available online: http://www.tandfonline.com/10.1080/13504851.2020.1861186 |
Digital Object Identifier (DOI) | https://doi.org/10.1080/13504851.2020.1861186 |
Language | English |
https://repository.mdx.ac.uk/item/8936v
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