Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/17483
Title: CEO hubris and firm risk taking in China : the moderating role of managerial discretion
Authors: Li, J
Tang, Y 
Issue Date: 2010
Publisher: Academy of Management
Source: Academy of Management journal, 2010, v. 53, no. 1, p. 45-68 How to cite?
Journal: Academy of Management journal 
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.
URI: http://hdl.handle.net/10397/17483
ISSN: 0001-4273
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