Mapping knowledge domains on managerial overconfidence

Abstract

Managerial overconfidence issues have attracted extant research interest given its influence on corporate strategy and operating performance with the growing development of modern behavioural economics. In this paper, bibliometric tools of VOSviewer and CiteSpace are used to reflect the research trend, hot spots and evolving route of managerial overconfidence theme. The publishing and citation numbers of managerial overconfidence paper are experiencing an overall increasing trend from 1992 to 2021. We sum up the top source journal, institutions, countries and the top 10 highly cited papers, and 272 keywords are distributed in the occurrence graph related to the theme of managerial overconfidence. Twelve keyword clusters from individual, organisational and social levels are identified. The research span is divided into four periods: preliminary, exploratory, growth and outbreak periods, and important research hot spots are summed up with highly cited keywords. The extant literature measurement and variables of managerial overconfidence are summarised in four types, and the integrated research frame of managerial overconfidence is proposed. Future research expansion of managerial overconfidence can be carried out from five aspects of harmony classification, improved measurement, multivariate test, positive paradigm and cultural distinction.

Abstract

Managerial overconfidence; CEO's overconfidence; Clustering analysis; Mapping knowledge domains; VOSviewer; CiteSpace.