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In their paper entitled “Risk-Takers – What Else? CEO Hubris, Risk-Taking, and Strategic Renewal,” the two PhD students trace the implications of CEO hubris for firms’ strategic change and, in doing so, derive evidence contrary to extant literature’s propositions on this association. The paper was selected as the best paper of the “Strategic Responsiveness and Organizational Adaptation” track as well as the overarching Strategic Interest Group on Strategic Management.
Furthermore, the Family Business Research Division of EURAM nominated the work of Jan-Philipp Ahrens (also ifm, Chair of SME Research and Entrepreneurship), Marc Kowalzick, Jochim G. Lauterbach (TU Munich), and Jennifer Petriglieri (INSEAD) on founder and family firms in crises as a runner-up to the EURAM best paper award, complementing a successful weekend for the ifm.
