Managerial Reputation and Internal Reporting.
展示管理者对声誉的担忧如何扭曲向上级报告的投资项目信息，并影响公司的资本预算决策，涉及短期与长期项目选择中的投资扭曲以及因误报导致的投资不足问题。
Abstract 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.