Is Executive Hubris Manifested in CEO Letters to Shareholders?

30 Pages Posted: 5 Sep 2016

See all articles by Michael Devlin

Michael Devlin

Trinity College (Dublin) - School of Business Studies

Brian M. Lucey

Trinity Business School, Trinity College Dublin; University of Sydney Business School; Ho Chi Minh City University of Economics and Finance; Jiangxi University of Finance and Economics

Date Written: September 2, 2016

Abstract

We examine the extent and evolution of Hubris in a bank CEO, through textual analysis of the CEO letter to the Shareholders. Drawing on new developments in clinical psychology we surface evidence of overconfidence, narcissism and hubris over the 2000-2008 period.

Keywords: Hubris, Overconfidence, Narcissism, CEO, Bank

JEL Classification: G02, M12

Suggested Citation

Devlin, Michael and Lucey, Brian M., Is Executive Hubris Manifested in CEO Letters to Shareholders? (September 2, 2016). Available at SSRN: https://ssrn.com/abstract=2833919 or http://dx.doi.org/10.2139/ssrn.2833919

Michael Devlin

Trinity College (Dublin) - School of Business Studies ( email )

AAP College Green
Dublin 2
Ireland

Brian M. Lucey (Contact Author)

Trinity Business School, Trinity College Dublin ( email )

The Sutherland Centre, Level 6, Arts Building
Dublin 2
Ireland
+353 1 608 1552 (Phone)
+353 1 679 9503 (Fax)

University of Sydney Business School ( email )

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Sydney, NSW 2006
Australia

Ho Chi Minh City University of Economics and Finance ( email )

59C Nguyen Dình Chieu
6th Ward, District 3
Ho Chi Minh City, Ho Chi Minh 70000
Vietnam

Jiangxi University of Finance and Economics ( email )

South Lushan Road
Nanchang, Jiangxi 330013
China

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