Are over-confident VPs more likely to be promoted to CEO?

• Main Authors: Loo, Pei Yu., Tan, Zi Jian., Lim, Mathew Chin Kang.
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Business::Management::Leadership
• Online Access: http://hdl.handle.net/10356/48314
• Institution: Nanyang Technological University

Goel and Thakor (2008) predict that over-confident vice-presidents (VPs) are more likely to be promoted to CEOs than rational risk-averse VPs, because it is less expensive to motivate the former to take risks. We are the first to empirically test this prediction in their literature. We use two alt...