A THEORETICAL CONTRIBUTION OF SME MANAGER’S OVERCONFIDENCE BIAS IN WORKING CAPITAL MANAGEMENT AND PERFORMANCE
We argue that managerial overconfidence bias affects working capital management. Overconfident SME managers overestimate their sales growth and underestimate the volatility of cash flow of their firms and thus overinvest in inventory for higher returns if they have enough personal capital or chea...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Allied Business Academies
2021
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/37641/1/overconfidence-1.pdf http://ir.unimas.my/id/eprint/37641/ https://www.abacademies.org/special-issues/volume-27-special-issue-5-title-entrepreneurship-and-economics.html |
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