CEO overconfidence, ESG, and corporate financial performance: Evidence from an emerging country

Key Points

• CEO overconfidence positively correlates with corporate financial performance, indicating strategic decision-making benefits.
• Key evidence includes an observed increase in performance metrics by 15%, suggesting overconfident CEOs drive financial success.
• Analysis of corporate data from emerging markets reveals patterns between overconfidence and stakeholder engagement practices.
• Findings emphasize the importance of integrating ESG factors into corporate strategies for sustainable growth.