The Effect of CEO Overconfidence on Product Market Performance

Neslihan Yilmaz
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Neslihan Yilmaz: Department of Management, Boğaziçi University, Istanbul, Turkey

International Journal of Applied Behavioral Economics (IJABE), 2015, vol. 4, issue 1, 1-19

Abstract: This paper provides empirical evidence that CEO overconfidence can play a role on firm product market performance. Some studies provide empirical evidence that irrational managers may engage in actions that can be detrimental to firm value while others suggest that an overconfident manager can increase firm value. This work analyzes the relationship between CEO overconfidence and within-industry sales performance of the firm, and find that higher overconfidence levels are associated with better product market performance.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jabe00:v:4:y:2015:i:1:p:1-19

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