Managerial hubris

Managerial hubris is the unrealistic belief held by managers in bidding firms that they can manage the assets of a target firm more efficiently than the target firm's current management. Managerial hubris is one reason a manager may choose to invest in a merger that on average generates no profits.[1]

See also

References

  1. ↑ Jay B. Barney and William S. Hesterly (2008). Strategic Management and Competitive Advantages. Pearson Prentice Hall. p. 380. ISBN 0-13-613520-X.
This article is issued from Wikipedia - version of the 10/2/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.