Open AccessA Meta-Analytic Approach to Understanding the Effects of CEO Overconfidence on Firm Performance
Author(s) -
Barbara Burkhard,
Charlotta Sirén,
Marc van Essen,
Dietmar Grichnik
Publication year - 2018
Publication title -
academy of management proceedings
Language(s) - English
Resource type - Journals
eISSN - 2376-7197
pISSN - 0065-0668
DOI - 10.5465/ambpp.2018.91
Subject(s) - overconfidence effect , discretion , psychology , accounting , economics , social psychology , microeconomics , positive economics , political science , law
An open research question in behavioral decision theory is whether CEO overconfidence—one of the most prevalent biases—has positive or negative effects on firm performance. This study uses a meta-analytic technique to show that the relationship between CEO overconfidence and firm performance is positive and moderated by managerial discretion.
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom