Management

"Hubris among CEOs is generally considered to be undesirable.. however the literature fails to provide a precise definition of CEO hubris and is silent on how to prevent it.   Valérie...

"The authors investigate the relationship between CEO hubris, a firm’s managerial, governance and market oversight attributes, and a propensity to financial misreporting.   Michel Magnan, John Molson School of Business Concordia...

“Leadership is a word I am most uncomfortable with. It has so many meanings and nuances of meaning, many of which are contradictory …. Wanting a strong leader may be...

“…it is possible that coupling dominant CEOs with powerful boards represents an ideal governance arrangement.” Jianyun Tang, Memorial University of Newfoundland Mary Crossan & W. Glenn Rowe, Richard Ivey School...

"Although leaders should be enocuraged to be confident, there is a risk in encouraging overconfidence. In fact, leaders should try to keep their confidence fairly low when it is necessary...

"..overconfident managers use less external finance .. CEOs who grew up during the Great Depression are averse to debt .. CEOs with military experience pursue more aggressive policies   Malmendier, U., University...

"Overconfident CEOs are more likely to issue optimistically biased forecasts because they overestimate their ability to affect their financial results and/or they underestimate the probability of random events   Hribar,...

"The financial turmoil of 2008 (was) preceded by an incubation period lasting for over two decades during which a culture of mania developed .. a culture comprised of denial; omnipotence;...

"Power can exacerbate the tendency for people to overweight their own initial judgment, such that the most powerful decision makers can also be the least accurate.   See, K.E., Morrison,...

"The fact that overconfident populations are evolutionarily stable may help to explain why overconfidence remains prevalent, even if it contributes to hubris, market bubbles, financial collapses, policy failures, disasters and...