东南大学经济管理学院专题讨论（Seminar）登记表
报告题目 | CEO Overconfidence, Inventory Management, and Firm Performance | ||
报告人（单位） | 冯天俊教授（复旦大学） | ||
点评人（单位） | 舒嘉 （经济管理学院） | 点评人（单位） | 刘新旺 （经济管理学院） |
时间地点 | 时间：2015年10月9日（周五）下午3:00点 地点：九龙湖经管楼B-201 | ||
报告内容摘要 | | ||
报告内容： Abstract.Prior literature shows aparadox that although overconfident CEOs might make decisions with adverse consequences, overconfident managers are often the winners in competition for CEO positions. Using the data of the US listed companies in the manufacturing industry during 1999-2011, this study empirically investigates the relationship between CEO overconfidence and firms’ inventory level. We find that firms with overconfident CEOs tend to maintain a lower inventory level. In addition, our results provide empirical evidence for the mediation effect of inventory level on the relationship between CEO overconfidence and firm performance. Specifically, CEO overconfidence improves firm performance through reducing inventory level. From the perspective of operations management, our findings help explain the paradox and provide managerial insights in designing effective CEO incentives to improve firm performance.
报告人简介： ProfessorTianjun Feng works in the department of Management Science, School of Management, Fudan Univeristy. He received his Ph.D. in Operations and Decision Technologies from the Paul Merage School, University of California, Irvine, and his bachelor and master degrees in Management Science from School of Management, Fudan University. His main research interests are in supply chain management, behavioral operations management and empirical research in operations management.。 | |||
