Overconfident CEOs are hypothesized to overpay for target companies and undertake value-destroying mergers because they overestimate their ability to generate returns.

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (1)

• returns concept