The overconfidence bias and CEO: a literature overview

dc.contributor.authorČuláková, Tereza
dc.contributor.authorKotrus, Peter
dc.contributor.authorUhlířová, Anna
dc.contributor.authorJirásek, Michal
dc.date.accessioned2018-01-24T07:10:07Z
dc.date.available2018-01-24T07:10:07Z
dc.date.issued2017
dc.description.abstract-translatedThis systematic review deals the overconfidence bias. It is a cognitive bias which is described as the tendency of people to overestimate their abilities, prospects and chances of success. For the purpose of the research we chose to examine the influence of overconfidence bias on CEOs’ decisionmaking and their work in a company. The systematic review followed three main situations revealing CEOs’ overconfidence within a company – dividend policy, innovative processes and hiring new employees. According to the review of the literature, there is no obvious connection between CEOs’ overconfidence and a generous dividend policy. However, as for the innovative processes, it seems that overconfident CEOs are more willing to support a higher number of innovations. In the final situation, the literature does not yet provide decisive guidance on the relationship between CEOs’ overconfidence and the process of managing employees and hiring new ones.en
dc.format7 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.citationTrendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2017, č. 2, s. 3-9.cs
dc.identifier.issn1805-0603
dc.identifier.urihttp://hdl.handle.net/11025/29144
dc.language.isoenen
dc.publisherZápadočeská univerzita v Plznics
dc.relation.ispartofseriesTrendy v podnikánícs
dc.rights© Západočeská univerzita v Plznics
dc.rights.accessopenAccessen
dc.subjectCEOcs
dc.subjectrozhodovánícs
dc.subjectnepřirozené zkreslenícs
dc.subjecttop manažerské týmycs
dc.subject.translatedCEOen
dc.subject.translateddecision makingen
dc.subject.translatedoverconfidence biasen
dc.subject.translatedtop management teamsen
dc.titleThe overconfidence bias and CEO: a literature overviewen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen

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