How media portrayal of CEO overconfidence impacts radical innovation
Author
Abstract
Suggested Citation
DOI: 10.1016/j.respol.2024.105105
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Juan Alcácer & Michelle Gittelman, 2006. "Patent Citations as a Measure of Knowledge Flows: The Influence of Examiner Citations," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 774-779, November.
- Anwer S. Ahmed & Scott Duellman, 2013. "Managerial Overconfidence and Accounting Conservatism," Journal of Accounting Research, Wiley Blackwell, vol. 51(1), pages 1-30, March.
- Christian Schumacher & Steffen Keck & Wenjie Tang, 2020. "Biased interpretation of performance feedback: The role of CEO overconfidence," Strategic Management Journal, Wiley Blackwell, vol. 41(6), pages 1139-1165, June.
- Bruce Kogut & Udo Zander, 1992. "Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology," Organization Science, INFORMS, vol. 3(3), pages 383-397, August.
- Danny Miller, 1991. "Stale in the Saddle: CEO Tenure and the Match Between Organization and Environment," Management Science, INFORMS, vol. 37(1), pages 34-52, January.
- Hawkins, Scott A & Hoch, Stephen J, 1992. "Low-Involvement Learning: Memory without Evaluation," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 19(2), pages 212-225, September.
- Ulrike Malmendier & Geoffrey Tate, 2005.
"CEO Overconfidence and Corporate Investment,"
Journal of Finance, American Finance Association, vol. 60(6), pages 2661-2700, December.
- Ulrike Malmendier & Geoffrey Tate, 2004. "CEO Overconfidence and Corporate Investment," NBER Working Papers 10807, National Bureau of Economic Research, Inc.
- Jong-Hun Park & Changsu Kim & Young Kyun Chang & Dong-Hyun Lee & Yun-Dal Sung, 2018. "CEO Hubris and Firm Performance: Exploring the Moderating Roles of CEO Power and Board Vigilance," Journal of Business Ethics, Springer, vol. 147(4), pages 919-933, February.
- Christina Fang & Daniel Levinthal, 2009. "Near-Term Liability of Exploitation: Exploration and Exploitation in Multistage Problems," Organization Science, INFORMS, vol. 20(3), pages 538-551, June.
- Battke, Benedikt & Schmidt, Tobias S. & Stollenwerk, Stephan & Hoffmann, Volker H., 2016. "Internal or external spillovers—Which kind of knowledge is more likely to flow within or across technologies," Research Policy, Elsevier, vol. 45(1), pages 27-41.
- Bronwyn H. Hall & Adam Jaffe & Manuel Trajtenberg, 2005.
"Market Value and Patent Citations,"
RAND Journal of Economics, The RAND Corporation, vol. 36(1), pages 16-38, Spring.
- Hall, Bronwyn H. & Jaffe, A & Trajtenberg, M, 2005. "Market value and patent citations," Department of Economics, Working Paper Series qt0cs6v2w7, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Vincent L. Barker , III & George C. Mueller, 2002. "CEO Characteristics and Firm R&D Spending," Management Science, INFORMS, vol. 48(6), pages 782-801, June.
- Jacobides, Michael G. & Knudsen, Thorbjorn & Augier, Mie, 2006. "Benefiting from innovation: Value creation, value appropriation and the role of industry architectures," Research Policy, Elsevier, vol. 35(8), pages 1200-1221, October.
- Michael K. Bednar & Steven Boivie & Nicholas R. Prince, 2013. "Burr Under the Saddle: How Media Coverage Influences Strategic Change," Organization Science, INFORMS, vol. 24(3), pages 910-925, June.
- Mowery, David C. & Ziedonis, Arvids A., 2015. "Markets versus spillovers in outflows of university research," Research Policy, Elsevier, vol. 44(1), pages 50-66.
- Guoli Chen & Craig Crossland & Shuqing Luo, 2015. "Making the same mistake all over again: CEO overconfidence and corporate resistance to corrective feedback," Strategic Management Journal, Wiley Blackwell, vol. 36(10), pages 1513-1535, October.
- Morten T. Hansen, 2002. "Knowledge Networks: Explaining Effective Knowledge Sharing in Multiunit Companies," Organization Science, INFORMS, vol. 13(3), pages 232-248, June.
- Sarah Kaplan & Keyvan Vakili, 2015. "The double-edged sword of recombination in breakthrough innovation," Strategic Management Journal, Wiley Blackwell, vol. 36(10), pages 1435-1457, October.
- Yi Tang & Cuili Qian & Guoli Chen & Rui Shen, 2015. "How CEO hubris affects corporate social (ir)responsibility," Strategic Management Journal, Wiley Blackwell, vol. 36(9), pages 1338-1357, September.
- Fleming, Lee & Sorenson, Olav, 2001. "Technology as a complex adaptive system: evidence from patent data," Research Policy, Elsevier, vol. 30(7), pages 1019-1039, August.
- Stevo Pavićević & Thomas Keil, 2021. "The role of procedural rationality in debiasing acquisition decisions of overconfident CEOs," Strategic Management Journal, Wiley Blackwell, vol. 42(9), pages 1696-1715, September.
- Malmendier, Ulrike & Tate, Geoffrey, 2008.
"Who makes acquisitions? CEO overconfidence and the market's reaction,"
Journal of Financial Economics, Elsevier, vol. 89(1), pages 20-43, July.
- Malmendier, Ulrike M. & Tate, Geoffrey, 2003. "Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction," Research Papers 1798, Stanford University, Graduate School of Business.
- Ulrike Malmendier & Geoffrey Tate, 2004. "Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction," NBER Working Papers 10813, National Bureau of Economic Research, Inc.
- Bronwyn H. Hall & Adam B. Jaffe & Manuel Trajtenberg, 2001.
"The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools,"
NBER Working Papers
8498, National Bureau of Economic Research, Inc.
- Hall, B. & Jaffe, A. & Trajtenberg, M., 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," Papers 2001-29, Tel Aviv.
- Hall, Bronwyn & Trajtenberg, Manuel & Jaffe, Adam B, 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," CEPR Discussion Papers 3094, C.E.P.R. Discussion Papers.
- Dalton, Russell J. & Beck, Paul A. & Huckfeldt, Robert, 1998. "Partisan Cues and the Media: Information Flows in the 1992 Presidential Election," American Political Science Review, Cambridge University Press, vol. 92(1), pages 111-126, March.
- Gautam Ahuja & Curba Morris Lampert, 2001. "Entrepreneurship in the large corporation: a longitudinal study of how established firms create breakthrough inventions," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 521-543, June.
- Kevin D. Clark & Patrick G. Maggitti, 2012. "TMT Potency and Strategic Decision-Making in High Technology Firms," Journal of Management Studies, Wiley Blackwell, vol. 49(7), pages 1168-1193, November.
- Srikanth Paruchuri & Snehal Awate, 2017. "Organizational knowledge networks and local search: The role of intra‐organizational inventor networks," Strategic Management Journal, Wiley Blackwell, vol. 38(3), pages 657-675, March.
- Alberto Galasso & Timothy S. Simcoe, 2011. "CEO Overconfidence and Innovation," Management Science, INFORMS, vol. 57(8), pages 1469-1484, August.
- Haemin Dennis Park & Michael D. Howard & David M. Gomulya, 2018. "The Impact of Knowledge Worker Mobility through an Acquisition on Breakthrough Knowledge," Journal of Management Studies, Wiley Blackwell, vol. 55(1), pages 86-107, January.
- Martijn Hendriks & Martijn Burger & Harry Commandeur, 2023. "The influence of CEO compensation on employee engagement," Review of Managerial Science, Springer, vol. 17(2), pages 607-633, February.
- Cho, Sam Yul & Kim, Sang Kyun, 2017. "Horizon problem and firm innovation: The influence of CEO career horizon, exploitation and exploration on breakthrough innovations," Research Policy, Elsevier, vol. 46(10), pages 1801-1809.
- Olav Sorenson & Jan W. Rivkin & Lee Fleming, 2010.
"Complexity, Networks and Knowledge Flows,"
Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 15,
Edward Elgar Publishing.
- Sorenson, Olav & Rivkin, Jan W. & Fleming, Lee, 2006. "Complexity, networks and knowledge flow," Research Policy, Elsevier, vol. 35(7), pages 994-1017, September.
- Lee Fleming, 2001. "Recombinant Uncertainty in Technological Search," Management Science, INFORMS, vol. 47(1), pages 117-132, January.
- James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
- Ulrike Malmendier & Geoffrey Tate, 2005. "Does Overconfidence Affect Corporate Investment? CEO Overconfidence Measures Revisited," European Financial Management, European Financial Management Association, vol. 11(5), pages 649-659, November.
- Ikujiro Nonaka, 1994. "A Dynamic Theory of Organizational Knowledge Creation," Organization Science, INFORMS, vol. 5(1), pages 14-37, February.
- David Hirshleifer & Angie Low & Siew Hong Teoh, 2012.
"Are Overconfident CEOs Better Innovators?,"
Journal of Finance, American Finance Association, vol. 67(4), pages 1457-1498, August.
- Hirshleifer, David & Low, Angie & Teoh, Siew Hong, 2010. "Are Overconfident CEOs Better Innovators?," MPRA Paper 22425, University Library of Munich, Germany.
- Gianluca Carnabuci & Cécile Emery & David Brinberg, 2018. "Emergent Leadership Structures in Informal Groups: A Dynamic, Cognitively Informed Network Model," Organization Science, INFORMS, vol. 29(1), pages 118-133, February.
- David Deephouse & Pursey Heugens, 2009. "Linking Social Issues to Organizational Impact: The Role of Infomediaries and the Infomediary Process," Journal of Business Ethics, Springer, vol. 86(4), pages 541-553, June.
- Ping-Sheng Koh & David M. Reeb & Wanli Zhao, 2018. "CEO Confidence and Unreported R&D," Management Science, INFORMS, vol. 64(12), pages 5725-5747, December.
- Annemette Kjærgaard & Mette Morsing & Davide Ravasi, 2011. "Mediating Identity: A Study of Media Influence on Organizational Identity Construction in a Celebrity Firm," Journal of Management Studies, Wiley Blackwell, vol. 48(3), pages 514-543, May.
- O'Reilly, Charles A., III & Tushman, Michael L., 2013. "Organizational Ambidexterity: Past, Present and Future," Research Papers 2130, Stanford University, Graduate School of Business.
- Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000.
"Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not),"
NBER Working Papers
7552, National Bureau of Economic Research, Inc.
- Wesley M Cohen & Richard R Nelson & John P Walsh, 2003. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not)," Levine's Working Paper Archive 618897000000000624, David K. Levine.
- Li, Guan-Cheng & Lai, Ronald & D’Amour, Alexander & Doolin, David M. & Sun, Ye & Torvik, Vetle I. & Yu, Amy Z. & Fleming, Lee, 2014. "Disambiguation and co-authorship networks of the U.S. patent inventor database (1975–2010)," Research Policy, Elsevier, vol. 43(6), pages 941-955.
- Hill, Aaron D. & Kern, David A. & White, Margaret A., 2014. "Are we overconfident in executive overconfidence research? An examination of the convergent and content validity of extant unobtrusive measures," Journal of Business Research, Elsevier, vol. 67(7), pages 1414-1420.
- Daniel A. Levinthal & James G. March, 1993. "The myopia of learning," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 95-112, December.
- Zingales, Luigi & Dyck, Alexander, 2002. "The Corporate Governance Role of the Media," Working Papers 184, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Cooper, Arnold C. & Folta, Timothy B. & Woo, Carolyn, 1995. "Entrepreneurial information search," Journal of Business Venturing, Elsevier, vol. 10(2), pages 107-120, March.
- Alexander Dyck & Luigi Zingales, 2002.
"The Corporate Governance Role of the Media,"
NBER Working Papers
9309, National Bureau of Economic Research, Inc.
- Zingales, Luigi & Dyck, Alexander, 2002. "The Corporate Governance Role of the Media," CEPR Discussion Papers 3630, C.E.P.R. Discussion Papers.
- Sah, Sunita & Moore, Don A. & MacCoun, Robert J., 2013. "Cheap talk and credibility: The consequences of confidence and accuracy on advisor credibility and persuasiveness," Organizational Behavior and Human Decision Processes, Elsevier, vol. 121(2), pages 246-255.
- Tom J. M. Mom & Frans A. J. van den Bosch & Henk W. Volberda, 2009. "Understanding Variation in Managers' Ambidexterity: Investigating Direct and Interaction Effects of Formal Structural and Personal Coordination Mechanisms," Organization Science, INFORMS, vol. 20(4), pages 812-828, August.
- Zhang-Zhang, YingYing & Rohlfer, Sylvia & Varma, Arup, 2022. "Strategic people management in contemporary highly dynamic VUCA contexts: A knowledge worker perspective," Journal of Business Research, Elsevier, vol. 144(C), pages 587-598.
- Christopher Kurzhals & Lorenz Graf‐Vlachy & Andreas König, 2020. "Strategic leadership and technological innovation: A comprehensive review and research agenda," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 437-464, November.
- Roll, Richard, 1986. "The Hubris Hypothesis of Corporate Takeovers," The Journal of Business, University of Chicago Press, vol. 59(2), pages 197-216, April.
- Lori Rosenkopf & Paul Almeida, 2003. "Overcoming Local Search Through Alliances and Mobility," Management Science, INFORMS, vol. 49(6), pages 751-766, June.
- Lee, Joon Mahn & Kim, Jongsoo & Bae, Joonhyung, 2020. "Founder CEOs and innovation: Evidence from CEO sudden deaths in public firms," Research Policy, Elsevier, vol. 49(1).
- Anderson, Cameron & Brion, Sebastien & Moore, Don A. & Kennedy, Jessica A., 2012. "A status-enhancement account of overconfidence," Institute for Research on Labor and Employment, Working Paper Series qt6s5812wf, Institute of Industrial Relations, UC Berkeley.
- Sarath Balachandran & Exequiel Hernandez, 2018. "Networks and Innovation: Accounting for Structural and Institutional Sources of Recombination in Brokerage Triads," Organization Science, INFORMS, vol. 29(1), pages 80-99, February.
- Lee Fleming & Olav Sorenson, 2004. "Science as a map in technological search," Strategic Management Journal, Wiley Blackwell, vol. 25(8‐9), pages 909-928, August.
- Aija Leiponen & Constance E. Helfat, 2010. "Innovation objectives, knowledge sources, and the benefits of breadth," Strategic Management Journal, Wiley Blackwell, vol. 31(2), pages 224-236, February.
- Seungwha (Andy) Chung & Harbir Singh & Kyungmook Lee, 2000. "Complementarity, status similarity and social capital as drivers of alliance formation," Strategic Management Journal, Wiley Blackwell, vol. 21(1), pages 1-22, January.
- William C. Bogner & Pratima Bansal, 2007. "Knowledge Management as the Basis of Sustained High Performance," Journal of Management Studies, Wiley Blackwell, vol. 44(1), pages 165-188, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Samina Karim & Aseem Kaul, 2015. "Structural Recombination and Innovation: Unlocking Intraorganizational Knowledge Synergy Through Structural Change," Organization Science, INFORMS, vol. 26(2), pages 439-455, April.
- Madeline K. Kneeland & Melissa A. Schilling & Barak S. Aharonson, 2020. "Exploring Uncharted Territory: Knowledge Search Processes in the Origination of Outlier Innovation," Organization Science, INFORMS, vol. 31(3), pages 535-557, May.
- Jennifer Kunz & Lara Sonnenholzner, 2023. "Managerial overconfidence: promoter of or obstacle to organizational resilience?," Review of Managerial Science, Springer, vol. 17(1), pages 67-128, January.
- Andreea N. Kiss & Dirk Libaers & Pamela S. Barr & Tang Wang & Miles A. Zachary, 2020. "CEO cognitive flexibility, information search, and organizational ambidexterity," Strategic Management Journal, Wiley Blackwell, vol. 41(12), pages 2200-2233, December.
- Marc Kowalzick & Jan‐Philipp Ahrens & Jochim G. Lauterbach & Yi Tang, 2024. "Overconfident CEOs in Dire Straits: How Incumbent and Successor CEOs’ Overconfidence Affects Firm Turnaround Performance," Journal of Management Studies, Wiley Blackwell, vol. 61(5), pages 1985-2032, July.
- Rajat Khanna & Isin Guler, 2022. "Degree assortativity in collaboration networks and invention performance," Strategic Management Journal, Wiley Blackwell, vol. 43(7), pages 1402-1430, July.
- Peeters, T.J.G., 2013. "External knowledge search and use in new product development," Other publications TiSEM 300ebb34-b090-4210-b95e-f, Tilburg University, School of Economics and Management.
- Joon Mahn Lee & Jung Chul Park & Guoli Chen, 2023. "A cognitive perspective on real options investment: CEO overconfidence," Strategic Management Journal, Wiley Blackwell, vol. 44(4), pages 1084-1110, April.
- Leone, Maria Isabella & Messeni Petruzzelli, Antonio & Natalicchio, Angelo, 2022. "Boundary spanning through external technology acquisition: The moderating role of star scientists and upstream alliances," Technovation, Elsevier, vol. 116(C).
- Yang, Hongyan & Steensma, H. Kevin, 2014. "When do firms rely on their knowledge spillover recipients for guidance in exploring unfamiliar knowledge?," Research Policy, Elsevier, vol. 43(9), pages 1496-1507.
- Shinjinee Chattopadhyay & Janet Bercovitz, 2020. "When one door closes, another door opens … for some: Evidence from the post‐TRIPS Indian pharmaceutical industry," Strategic Management Journal, Wiley Blackwell, vol. 41(6), pages 988-1022, June.
- Lee, Joon Mahn & Kim, Jongsoo & Bae, Joonhyung, 2020. "Founder CEOs and innovation: Evidence from CEO sudden deaths in public firms," Research Policy, Elsevier, vol. 49(1).
- Anindya Ghosh & Xavier Martin & Johannes M. Pennings & Filippo Carlo Wezel, 2014.
"Ambition Is Nothing Without Focus: Compensating for Negative Transfer of Experience in R&D,"
Organization Science, INFORMS, vol. 25(2), pages 572-590, April.
- Anindya Ghosh & Xavier Martin & Johannes M. Pennings & Filippo Carlo Wezel, 2014. "Ambition Is Nothing Without Focus : Compensating for Negative Transfer of Experience in R&D," Post-Print hal-02313223, HAL.
- Apa, Roberta & De Noni, Ivan & Orsi, Luigi & Sedita, Silvia Rita, 2018. "Knowledge space oddity: How to increase the intensity and relevance of the technological progress of European regions," Research Policy, Elsevier, vol. 47(9), pages 1700-1712.
- Chila, Vilma, 2021. "Knowledge dynamics in employee entrepreneurship : Implications for parents and offspring," Other publications TiSEM a1f5d18c-783b-4af6-8414-6, Tilburg University, School of Economics and Management.
- Singh, Jasjit, 2008. "Distributed R&D, cross-regional knowledge integration and quality of innovative output," Research Policy, Elsevier, vol. 37(1), pages 77-96, February.
- Boeker, Warren & Howard, Michael D. & Basu, Sandip & Sahaym, Arvin, 2021. "Interpersonal relationships, digital technologies, and innovation in entrepreneurial ventures," Journal of Business Research, Elsevier, vol. 125(C), pages 495-507.
- Tubiana, Matteo & Miguelez, Ernest & Moreno, Rosina, 2022.
"In knowledge we trust: Learning-by-interacting and the productivity of inventors,"
Research Policy, Elsevier, vol. 51(1).
- Matteo Tubiana & Ernest Miguelez & Rosina Morneo, 2020. "“In knowledge we trust: learning-by-interacting and the productivity of inventors”," AQR Working Papers 2012005, University of Barcelona, Regional Quantitative Analysis Group, revised Sep 2020.
- Matteo Tubiana & Ernest Miguelez & Rosina Moreno, 2020. "In knowledge we trust: learning-by-interacting and the productivity of inventors," Bordeaux Economics Working Papers 2020-15, Bordeaux School of Economics (BSE).
- Matteo Tubiana & Ernest Miguelez & Rosina Moreno, 2020. "In knowledge we trust: learning-by-interacting and the productivity of inventors," IREA Working Papers 202013, University of Barcelona, Research Institute of Applied Economics, revised Sep 2020.
- Matteo Tubiana & Ernest Miguelez & Rosina Moreno, 2020. "In knowledge we trust: learning-by-interacting and the productivity of inventors," Working Papers hal-03097744, HAL.
- M Tubiana & Ernest Miguelez & Rosina Moreno, 2021. "In knowledge we trust: learning-by-interacting and the productivity of inventors," Working Papers hal-03097302, HAL.
- Feng Zhang & Guohua Jiang, 2019. "Combination of Complementary Technological Knowledge to Generate “Hard to Imitate” Technologies," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 18(02), pages 1-24, June.
- David H. Hsu & Kwanghui Lim, 2014. "Knowledge Brokering and Organizational Innovation: Founder Imprinting Effects," Organization Science, INFORMS, vol. 25(4), pages 1134-1153, August.
More about this item
Keywords
CEO overconfidence; Media portrayal; Technology and innovation management; Network analysis;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:53:y:2024:i:10:s0048733324001549. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/respol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.