Organizational resilience provides firms with the capability to face adverse circumstances
successfully. Therefore, it constitutes an indispensable capability for each company. As …

We investigate whether the diversification discount occurs partly as an artifact of poor
corporate governance. In panel data models, we find that the discount narrows by 16% to …

The hubris hypothesis complements the extant debate on how people make judgments and
decisions in organizations. Drawing on the origin of hubris in Greek mythology, the …

With the rise of high-tech industry and the continuous change of business scope of
enterprises, it is vital to study the different performance between enterprises with …

We examine the impact of CEO overconfidence on labor investment efficiency (LIE). The
findings suggest that firms with overconfident CEOs are more likely to have lower LIE. The …

Purpose This paper aims to examine the effect of two CEO characteristics, namely,
narcissism and overconfidence on corporate social responsibility (CSR) and the moderating …

We examine how CEO overconfidence affects goodwill impairments after the adoption of
SFAS 142 in US firms. Consistent with the nature of the cognitive position of overconfident …

Recent research questions the existence of a conglomerate discount. This study addresses
two of the most important explanations for the conglomerate discount and finds evidence in …

Abstract Research Summary In this paper, we study how variations in debt and equity
ownership and the institutions that govern interactions between different types of principals …

Managerial optimism theory is behavioral finance's greatest achievement. It explains two
prominent features of corporate financial behavior–over‐investment and pecking‐order …