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