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- W3122080326 abstract "We find evidence that the leadership of overconfident chief executive officers (CEOs) induces stakeholders to take actions that contribute to the leader’s vision. By being intentionally overexposed to the idiosyncratic risk of their firms, overconfident CEOs exhibit a strong belief in their firms’ prospects. This belief attracts suppliers beyond the firm’s observable expansionary corporate activities. Overconfident CEOs induce more supplier commitments including greater relationship-specific investment and longer relationship duration. Overconfident CEOs also induce stronger labor commitments as employees exhibit lower turnover rates and greater ownership of company stock in benefit plans." @default.
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- W3122080326 date "2016-01-01" @default.
- W3122080326 modified "2023-09-28" @default.
- W3122080326 title "Are Overconfident CEOs Better Leaders? Evidence from Stakeholder Commitments" @default.
- W3122080326 doi "https://doi.org/10.2139/ssrn.2648601" @default.
- W3122080326 hasPublicationYear "2016" @default.
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