We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
CEO HUBRIS AND FIRM RISK TAKING IN CHINA: THE MODERATING ROLE OF MANAGERIAL DISCRETION.
- Authors
LI, JIATAO; TANG, YI
- Abstract
This study linked CEO hubris to firm risk taking and examined the moderating role of managerial discretion in this relationship. Drawing on upper echelons theory and behavioral decision theory, we developed and tested hypotheses using original survey data from 2,790 CEOs of diverse manufacturing firms in China. The positive relationship between CEO hubris and firm risk taking was found to be stronger when CEO managerial discretion was stronger: when a firm faced munificent but complex markets; had less inertia and more intangible resources; had a CEO who also chaired its board; and had a CEO who was not politically appointed.
- Subjects
CHIEF executive officers; RISK-taking behavior; PRIDE &; vanity; DISCRETION; DECISION making; MANAGEMENT &; psychology; PSYCHOLOGY
- Publication
Academy of Management Journal, 2010, Vol 53, Issue 1, p45
- ISSN
0001-4273
- Publication type
Article
- DOI
10.5465/AMJ.2010.48036912