Two professors from Wharton and Stanford suggest that mergers — and the accompanying mania — may result from overconfidence. Instead of contending that mergers and acquisitions stem from senior leaders’ empire-building inclinations — a stance many skeptics take — Geoffrey Tate and Ulrike Malmendier offer that instead of putting their own interests ahead of shareholders’ — those leaders just might not have an accurate sense of their own abilities, as well as their companies’ prospects.
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.