A new study finds overconfident CEOs are less likely to delegate responsibilities to underlings, particularly in settings that involve complex transactions—such as hammering out the details of high-stakes deals. The paper, “Leave it to Me: Overconfident CEOs’ Lower Propensity to Delegate Acquisition Responsibility,” is published in the Journal of Management Studies.
Study finds overconfident CEOs are 10-15% less likely to delegate deal work
