User profiles for Mathew Hayward

Mathew Hayward

Department of Management, Monash University
Verified email at monash.edu
Cited by 9401

Explaining the premiums paid for large acquisitions: Evidence of CEO hubris

MLA Hayward, DC Hambrick - Administrative science quarterly, 1997 - JSTOR
This study examines the role of a chief executive officer's hubris, or exaggerated self-confidence,
in explaining the large size of some premiums paid for acquisitions. In a sample of 106 …

When do firms learn from their acquisition experience? Evidence from 1990 to 1995

MLA Hayward - Strategic management journal, 2002 - Wiley Online Library
I use an organizational learning perspective to examine how the nature, performance and
timing of a firm's acquisition experience helps it to learn how to select the right acquisition. I …

Believing one's own press: The causes and consequences of CEO celebrity

MLA Hayward, VP Rindova… - Strategic Management …, 2004 - Wiley Online Library
This theoretical article introduces the construct of CEO celebrity in order to explain how the
tendency of journalists to attribute a firm's actions and outcomes to the volition of its CEO …

A hubris theory of entrepreneurship

MLA Hayward, DA Shepherd… - Management …, 2006 - pubsonline.informs.org
This paper develops a hubris theory of entrepreneurship to explain why so many new ventures
are created in the shadow of high venture failure rates: More confident actors are moved …

Celebrity firms: The social construction of market popularity

…, TG Pollock, MLA Hayward - Academy of management …, 2006 - journals.aom.org
We extend the concept of celebrity from the individual to the firm level of analysis and argue
that the high level of public attention and the positive emotional responses that define …

Beyond hubris: How highly confident entrepreneurs rebound to venture again

MLA Hayward, WR Forster, SD Sarasvathy… - Journal of Business …, 2010 - Elsevier
This article outlines why highly confident entrepreneurs of focal ventures are better positioned
to start and succeed with another venture; and therefore why overconfidence in one's …

Power and conflicts of interest in professional firms: Evidence from investment banking

MLA Hayward, W Boeker - Administrative Science Quarterly, 1998 - JSTOR
We study the resolution of conflicts of interest that arise when actors in professional firms
represent separate parties with competing interests, using models of power and reputation to …

Helping other CEOs avoid bad press: Social exchange and impression management support among CEOs in communications with journalists

…, ML McDonald, MLA Hayward - Administrative …, 2012 - journals.sagepub.com
In this study, we examine the determinants and consequences of impression management (IM)
support in communications between CEOs and journalists, whereby CEOs of other firms …

De‐commitment to losing strategic action: evidence from the divestiture of poorly performing acquisitions

MLA Hayward, K Shimizu - Strategic Management Journal, 2006 - Wiley Online Library
We use a mental accounting framework to study the conditions in which CEOs de‐commit to
poorly performing acquisitions and so become more likely to divest them. We test this …

Professional influence: The effects of investment banks on clients' acquisition financing and performance

MLA Hayward - Strategic management journal, 2003 - Wiley Online Library
This study examines the conditions in which professional firms use client engagements to get
clients to subsequently hire them. The central thesis is that professional firms derive power …