Hirshleifer, David; Low, Angie; Teoh, Siew Hong - Volkswirtschaftliche Fakultät, … - 2010
over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain … more patents and patent citations, and achieve greater innovative success for given research and development (R …&D) expenditure. Overconfident managers only achieve greater innovation than non-overconfident managers in innovative industries …