Overconfidence or Competence? Your Employees Know

We examine the moderating effect of employees’ ratings of their CEOs on the relation between CEO overconfidence and firm value. Obtaining the employees’ CEO approval data from Glassdoor, we test the hypothesis that CEO overconfidence with a high approval rating is associated with higher Tobin’s Q. Our finding supports the hypothesis and suggests that employees can tell the type of CEO overconfidence (competence-based vs. mere optimism-based)

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Year of publication:	[2022]
Authors:	Kim, Jonghwan ; Jeon, Heung-Jae ; Kim, Grace Goun
Publisher:	[S.l.] : SSRN
Subject:	Kompetenz \| Competence \| Vertrauen \| Confidence \| Arbeitskräfte \| Workforce \| Qualifikation \| Occupational qualification \| Personalführung \| Leadership

Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: EL53783
Other identifiers:	10.2139/ssrn.4024054 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013306949