Managerial Overconfidence, Risk-Taking and Corporate ESG Performance

DOI

10.2991/978-94-6239-787-3_40How to use a DOI?

Keywords

Managerial Overconfidence; Corporate ESG Performance; Risk-Taking

Abstract

Accelerating socio-economic transitions have magnified the vital role of corporate ESG performance. This study examines the behavioral consequences of executive hubris using a sample of Chinese A-share listed firms from 2009 to 2022. Our empirical findings demonstrate that managerial overconfidence significantly suppresses corporate ESG outcomes by inflating strategic risk-taking. Heterogeneity analyses reveal that state ownership and high analyst coverage amplify this negative behavioral shock, whereas superior corporate governance acts as a strategic buffer to attenuate the inhibitory effect.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yiting Huo
PY  - 2026
DA  - 2026/09/29
TI  - Managerial Overconfidence, Risk-Taking and Corporate ESG Performance
BT  - Proceedings of the 2026 4th International Conference on Management Innovation and Economy Development (MIED 2026)
PB  - Atlantis Press
SP  - 398
EP  - 402
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-787-3_40
DO  - 10.2991/978-94-6239-787-3_40
ID  - Huo2026
ER  -