Are overconfident CEOs better innovators?

Previous empirical work on adverse consequences of CEO overconfidence raises the question of why firms hire overconfident managers. Theoretical research suggests a reason: overconfidence can benefit shareholders by increasing investment in risky projects. Using options- and press-based proxies for C...

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Bibliographic Details
Main Authors: Hirshleifer, David, Low, Angie, Teoh, Siew Hong
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2013
Online Access:https://hdl.handle.net/10356/97848
http://hdl.handle.net/10220/17710
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Institution: Nanyang Technological University
Language: English
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