Recently Jonas Röttger was invited by the Atos Scientific Community to present his research on CEO personality trades and how they influence strategic choices of firms. His presentation entitled “Loud moves, bold CEOs: The signal interaction effect of CEO overconfidence and deal-specific confidence in M&A announcements“ received one of the highest appreciating ratings during the Atos Scientific Community meeting.
During his presentation Jonas addressed the CEO personality which influences the strategic choices of firms. He investigated whether investors can see through firm actions as a manifestation of CEO personality by analyzing the firm’s M&A communication. In the case of overconfident CEOs, firms can receive more positive M&A announcement stock returns by releasing press statements with a less positive linguistic tone.
The FINDER output was very well received at upper echelon level, the Atos scientific community (approx. 140 people) and included a general discussion revolving around the topic of CEO personality and firm-level outcomes.
A great example of academia-to-practice transitioning – a gap stone point to this ITN program.