Demonstrates how managerial reputation impacts investment reports and budgeting decisions in firms, suggesting significant financial implications.
Demonstrates how a manager's concern for reputation can distort reports made to superiors about an investment project and affect a firm's capital budgeting decisions. Managerial investment distortion in the choice between short term and long term projects; Underinvestment of the firm as a result of managerial misreporting; Participative budgeting issues.
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Sri S. Sridhar (1994) studied this question.
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