haku: @author Hayward, M. L. A. / yhteensä: 2
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| Tekijä: | Hayward, M. L. A. Hambrick, D. C. |
| Otsikko: | Explaining the premiums paid for large acquisitions: Evidence of CEO hubris |
| Lehti: | Administrative Science Quarterly
1997 : MAR, VOL. 42:1, p. 1-34 |
| Asiasana: | CHIEF EXECUTIVE OFFICERS MANAGERS INDIVIDUAL BEHAVIOUR MERGERS |
| Kieli: | eng |
| Tiivistelmä: | The role of chief executive officer's (CEO) exaggerated self-confidence or hubris, is investigated in this paper, in explaining the size of some premiums paid for acquisitions. Four indicators of CEO hubris were found, that are associated with the paid premium size: recent media praise for the CEO, a measure of the CEO's self-importance, the acquiring firm's recent performance, and a composite factor of these variables. The CEO hybris has great theoretical significance to researchers of strategic behavior. |
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