Posts tagged with: Hubris
The trouble with overconfidence. (2008)
"On difficult tasks, people overestimate their performance but also mistakenly believe that they are worse than others. On easy tasks, people underestimate their actual performances but mistakenly believe they are...
Who makes acquisitions? CEO overconfidence and the market’s reaction. (2008)
"Overconfident CEOs over-estimate their ability to generate returns. As a result, they overpay for target companies and undertake value-destroying mergers. The effects are strongest if they have access to internal...
Overconfidence, CEO selection, and corporate governance. (2008)
"...an overconfident manager, who sometimes makes value-destroying investments, has a higher likelihood than a rational manager of being deliberately promoted to CEO under value-maximizing corporate governance. Goel, A.M., DePaul University, Thakor, A.V.,...
Are overconfident CEOs born or made? Evidence of self-attribution bias from frequent acquirers. (2008)
"Many CEOs overestimate their own negotiating skills and overlook the element of luck in successful mergers, acquisitions, and other deals. CEOs appear to overly attribute their role in successful deals, leading...
BA really asked for it. (2008)
Things go wrong when a confident company gets too cocky - witness the airline's Terminal 5 debacle. Too much pride can ruin judgment. Richard Reeves Management Today 1 May 2008...
Deconstructing ‘stupidity’: why smart people often do stupid things. (2008)
To understand ‘stupidity’ it is necessary to deconstruct it and to show that it can subvert even the keenest intellect under certain conditions. Jeffrey Gandz, Professor of Strategic Leadership and...
Managerial overconfidence and corporate policies. (2007)
"...companies with overconfident CFOs use lower discount rates to value cash flows, and that they invest more, use more debt, are less likely to pay dividends, are more likely to...
Emerging insights into the nature and function of pride. (2007)
"People feeling authentic pride are more likely to score high on extraversion, agreeableness, genuine self-esteem and conscientiousness. However, those feeling hubristic pride are more narcissistic and prone to shame. ...
The spiritual challenges of power, humility and love as offsets to leadership hubris. (2006)
“…narcissism is a situational neurosis that is seductive because it is born exactly out of the gifts of a charismatic leader.” A. L. Delbecq, Santa Clara University Journal of Management,...
Hubris and Nemesis in Heads of Government. (2006)
“Holy wars breed arrogance, ignite hubris and are followed all too often by nemesis..... (Bush and Blair were) Bparticularly susceptible to being swept up with the intoxication of power. Lord David Owen,...