CEO overconfidence is not always a bad thing for companies but depends on the situation, finds research from Mannheim Business School. According to the study, an overconfident CEO can either help or hinder a firm’s turnaround performance depending on whether they are the incumbent who steered the organisation into dire straits or a successor hired during the decline. Marc Kowalzick (formerly Mannheim Business School, now Rotterdam School of Management), Jan-Philipp Ahrens (Mannheim Business School), Jochim G. Lauterbach (Technical University of Munich), and Yi Tang (Hong Kong University), analysed data on firms’ turnaround performances and CEO overconfidence at 240 companies in…
Author: georginat01
Women are underrepresented in CEO positions partly because they spend more time outside of the labour market during the years when their careers are most likely to take off, finds research from Aalto University School of Business. Matti Keloharju, Aalto Distinguished Professor of Finance, and Samuli Knüpfer, Professor of Ownership at Aalto University School of Business in Finland, co-authored a study which finds that time spent outside the labour market due to parental leave, sick leave or unemployment is by far the most important contributor to gender gaps in CEO appointments. The researchers reveal this explains 26% of the gender…