Are overconfident CEOs better leaders? Evidence from stakeholder commitments

Are overconfident CEOs better leaders? Evidence from stakeholder commitments

We find evidence that the leadership of overconfident chief executive officers (CEOs) induces stakeholders to take actions that contribute to the leader's vision. By being intentionally overexposed to the idiosyncratic risk of their firms, overconfident CEOs exhibit a strong belief in their fir...

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Bibliographic Details
Main Authors: PHUA, Kenny, THAM, T. Mandy, WEI, Chi Shen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
CEO overconfidence
Leadership
Customer-supplier
Employee ownerhsip
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5379
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6378/viewcontent/Phua_Tham_Wei_2018_Final_version.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/5379
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6378/viewcontent/Phua_Tham_Wei_2018_Final_version.pdf

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