Shocks to CEO Overconfidence and the Deflation of Hubris in ...
CEOs become less overconfident when other CEOs to whom they are connected are fired unexpectedly, and this reduces hubris in corporate acquisitions.
CEO overconfidence, CEO dominance and corporate acquisitions
This study investigates the role of CEO overconfidence (hubris) and CEO dominance in the firm's decision to undertake an acquisition.
The blind power: Power-led CEO overconfidence and M&A decision ...
The Appendix provides the detailed definition ... In the behavioral finance literature, managerial hubris or CEO overconfidence ... Lamont et al. Does ...
Who makes acquisitions? CEO overconfidence and the market's ...
16 The definition ... A key contribution of our analysis is to directly measure which CEOs are prone to overconfidence (or hubris) and to show that those CEOs, in.
The Tipping Point of Hubris: When Leaders Become Overconfident
The Tipping Point of Hubris: When Leaders Become Overconfident ; Hubris -- the only, truly human virtue | Shanaysha Sauls | TEDxBaltimore. TEDx ...
Agency Cost of Debt and Inside Debt: The Role of CEO ...
Not surprisingly, prior literature linked CEO overconfidence and the closely related constructs of narcissism and hubris to firm outcomes, ...
CEO overconfidence, customer satisfaction, and firm value
... CEO power and board vigilance. Journal of Business ... The traditional definition of hubris ... overconfidence and hubris as being synonymous.
New Method for Measuring CEO Overconfidence: Evidence from ...
Keywords: CEO overconfidence; Synergies forecast error; Hubris; Mergers and acquisitions; ... This is in line with the definition ... The Impact of Industry Shocks ...
Behavioral CEOs: The Role of Managerial Overconfidence
equating hubris with corporate overinvestment—whether in terms of internal ... though, by definition ... Here, the larger drop in investment following the shock ...
Are Overconfident Managers Born or Made? Evidence of Self ...
We explore the source of managerial hubris in mergers and acquisitions by examining the history of deals made by individual acquirers.
The Effect of CEOs' Overconfidence on Firm Performance Along the ...
... CEO hubris. However, the literature fails to provide a precise definition of CEO hubris and is mostly silent on how to prevent it. We use work on hubris in ...
The Critical Assessment of Heterogeneous Outcome of CEO Hubris
This raises the issue of CEO with media praise can become CEO hubris by not listening to other stakeholders and sticking to their existing ways even if it does ...
Hubris in Business and Management Research: A 30-year Review ...
Webster's Dictionary definition of hubris (“exaggerated pride or self- ... and 3% were responses to industry and economic shocks ... CEO overconfidence and pride, ...
Does Accounting Conservatism Mitigate the Shortcomings of CEO ...
Current earnings shocks ... CEO overconfidence, consistent with the causal effect of CEO overconfidence. ... The hubris hypothesis of corporate ...
Who Makes Acquisitions? CEO Overconfidence and the Market's ...
A key contribution of our analysis is to directly measure which CEOs are prone to overconfidence (or hubris) and to show that those CEOs, in ...
the industry shock and market misvaluation hypotheses of merger ...
It is argued that bidder CEOs are infected by hubris (overconfidence) in undertaking mergers. Due to their overconfidence, bidder CEOs pay higher premiums to.
Measuring C.E.O.'s on the Hubris Index - The New York Times
Measuring C.E.O.'s on the Hubris Index ... EXCESSIVE pride has been bringing men down at least since ancient Greece. Only recently, however, have ...
CEO Overconfidence and Financial Crisis
In our sample during crisis years, 25.93% of overconfident banks experienced CEO turnover, compared with only 15.83% of non-overconfident banks, ...
Overconfidence - A Study of Managerial Hubris in the Nordic Markets
2.1.1 Definition ... shocks. (Rosen, 2006; Gaughan, 2007). In general ... Malmendier & Tate (2005) identify overconfident CEOs as the reason for hubris in.
Overconfidence - Lund University Publications
2.1.1 Definition ... shocks. (Rosen, 2006; Gaughan, 2007). In general ... Malmendier & Tate (2005) identify overconfident CEOs as the reason for hubris in.