Hubris

Duncan N. Angwin

Chapter 76 in Elgar Encyclopedia of Mergers and Acquisitions, 2026, pp 197-198 from Edward Elgar Publishing

Abstract: This chapter explores the role of CEO hubris in M&A failures, linking exaggerated self-confidence and arrogance to overpayment and poor deal outcomes. It identifies sources of hubris, including recent organisational success, media praise and CEO self-importance. While hubris is often blamed post-acquisition, the chapter also acknowledges its potential to drive bold and extraordinary achievements, particularly under specific economic conditions, highlighting its dual role in M&A success and failure.

Keywords: Hubris; Narcissism; Overconfidence; Over payment; Underperformance; Media praise; Reputational capital (search for similar items in EconPapers)
Date: 2026
ISBN: 9781800880856
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781800880863.00082 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20450_76

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().