Managerial hubris
Appearance
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
- ^ Jay B. Barney and William S. Hesterly (2008). Strategic Management and Competitive Advantages. Pearson Prentice Hall. p. 380. ISBN 0-13-613520-X.