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What is CEO Overconfidence in Family Businesses about?

This research article examines the relationship between ownership structure, CEO overconfidence, and financial performance. Using data from Taiwanese firms from 2009 to 2018, the study finds that: 1) Family businesses have worse financial performance than non-family businesses, as family interests are prioritized over company interests. 2) CEOs of family businesses have lower overconfidence than CEOs of non-family businesses, as family supervision discourages overconfidence. 3) Overconfident CEOs are ne

Author

Arjuna Juna

Language

EN